..Commission turns to 72-hour freezes
By Soni Daniel, Emma Ujah & Luminous Jannamike
A government account is debited. The money moves through another account, perhaps into a private company, and then into another. Before investigators react, it may have been converted to cryptocurrency or moved beyond Nigeria’s borders.
By then, the investigation is no longer about stopping the money from leaving. It is about tracing where it went.
That is the problem the Economic and Financial Crimes Commission, EFCC, says it is trying to tackle with a new preventive approach.
