The Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, has raised the alarm that some corrupt Nigerian politicians are now hiding their illicit wealth in cryptocurrencies to evade scrutiny and detection by anti-graft agencies.

The EFCC boss said the agency had uncovered a growing trend where fraudulent public officials now used cryptocurrency wallets to stash stolen public funds and conduct illicit transactions.

*On Thursday, July 2025. Australia’s top bank, the Reserve Bank of Australia (RBA), unveiled the second phase of its digital currency pilot.*

https://www.cryptopolitan.com/australia-begins-digital-currency-trial/

*24 use cases, including:*

- *Digital Currency Types*:
- * STABLECOINS*: pegged to a stable asset, reducing volatility
- *Bank-issued deposit tokens*: TOKENIZED REPRESENTATIONS OF BANK DEPOSITS
- *Central Bank Digital Currency (CBDC)*: a digital version of the Australian dollar

According to Sophie Gilder, the Commonwealth Bank CBA’s Head of Blockchain and Digital Assets, *“The repo market, with its critical role in liquidity management and monetary policy implementation, represents an ideal starting point for this exploration.” The objective is to test whether blockchain-based tokens can reduce friction, decrease risk, and foster market liquidity.*

*SOME NIGERIAN NEWSPAPER HEADLINES+, 11/07/2025*

Autonomy standoff: Govs get N4.5tn LG funds one year after S’Court ruling

Nurses, midwives give FG 15-day ultimatum, threaten nationwide strike

210 beggars detained as operation sweep Abuja enters day 4

Over one million Nigerians benefiting from business, student loan — FG

NNPC refineries may never work again — Dangote

NCDMB okays over 440 expatriate slots in oil sector

INEC confirms 129 party applications, launches digital portal

Lagos Police deploys 30,000 Officers for LG Polls

No intention to push away state chairmen – ADC leadership

Trump birthright citizenship order halted in class-action suit

Mali junta chief approves law giving him unlimited mandate

Russia offers to increase scholarships for Nigerian students

Nigerian on bicycle trip from Lagos to U.S., arrives in Ghana after 10 days

-------------------------------
*DID YOU KNOW?*

* The full Bible has been translated into over 3,000 languages. Among those include fictional languages like Elvish, Klingon, and Na’vi.

* Eating grapefruit can restrict the effects of 43 different kinds of medications.
-------------------------------

Tinubu hails Niger Delta youths, women for supporting Renewed Hope Agenda

Shettima to public officials: document your stewardship

Akpabio sacks Natasha as diaspora committee chair

Stop enriching Discos with public funds, Senate tells FG

Senate summons NNPC boss over unaccounted N210tn

Senate wants NDLEA to pay N200m for slain Delta toddler
‎
Reps begin probe into student loan discrepancies

S’Court dismisses Ighodalo’s appeal, affirms Okpebholo Edo gov

Shadow govt: Court fixes Sep. 29 for judgment in DSS’ suit against Pat Utomi

Court nullifies Shell, AFC, others’ ICC arbitration against Tempo

Suspected Killers Of Wedding Travellers Arraigned In Jos

Nigeria police repatriate Chinese fugitive wanted for $5m tax fraud

Corrupt politicians now hide loot in cryptocurrencies – EFCC

N1.3tn CBEX scam: Forfeiture process begins as EFCC recovers funds

Chief of Army Staff advocates ranching to address food insecurity

NAF airstrikes kill Zamfara terrorists

Troops kill 24 terrorists in Borno, repel Kebbi bandits

Customs foil donkey genitals smuggling, intercepts 40ft container

Police summon Iyabo Ojo over alleged cyberbullying

Akume denies APC chair bid, pledges Tinubu’s loyalty

Climate change: We are running out of time, Akume warns

If not for Tinubu, Buhari wouldn’t have won APC primary — Presidency

Nigeria rejected US push to accept Venezuelan deportees — Tuggar

WAPCo, govt agencies partner on cross-border gas distribution

FG rakes in N12tn from oil royalties after naira falls

Renewed Hope Agenda attracts over $500m FDI to steel sector in 20 months – Minister

Minister calls for unified communication strategy to amplify Tinubu’s agenda

Fed govt to conduct nationwide audit of skills centres

FG recommits to education growth as Sani unveils blueprint

Blocked rail embankment caused Niger flood tragedy — NIRSAL

Security investments driving up crude production cost – NNPC

FCTA expresses concerns over families renting their children out to beggars

Wigwe varsity to enrol PAP scholarship beneficiaries

Buhari govt went after my allies post-2015 election, Jonathan alleges

Alaoji power plant begins operations next month – NDPHC

Ecobank plans $250m capital raise via private placement

GTCO plans fresh expansion after London Stock Exchange listing

SEC orders probe, restatement of Ikeja Hotel’s debt

Coleman invested N7bn over 20 years, says CEO

2027: 10,000 artisans endorse Tinubu, Oborevwori for second term

Supreme Court Judgement: I Feel Betrayed – Ighodalo

2027: PDP won’t field Northerner for presidency – Bode George

2027: ADC’ll dislodge Tinubu, APC — Aregbesola

Osun 2026: Ogunbiyi declare guber ambition

Ortom insists on southern presidency for 2027

Otti launches Security Trust Fund to boost fight against crime

Bauchi gov warns cabinet members against unnecessary trips, politicking

Lagos Assembly moves to reform tenancy laws as bill passes second reading

Lagos assembly moves to regulate marriages

Kebbi settles ex-councillors’ N2.18bn entitlements

Imo govt demolishes criminal hideout, arrests suspects in major security operation

Abia signs MoU With UNDP to accelerate development

Oyo approves 116 new staff appointments for nursing college

Katsina hails NGO for enrolling over 6,000 out-of-school children

LG poll: Ballot snatching will trigger by-election, says LASIEC

Ogun issues banks 30-day ultimatum over unapproved structures

Patients lament as Ondo hospitals scale down services over doctors’ strike

Kogi doctors decry poor remuneration, lack of promotions

Over 200 households displaced as flood hits Kebbi community

Six pregnant Ogun Amotekun recruits dismissed over health concerns

Gunmen abduct two palace officials, burn houses in Plateau

A’Ibom man to die by hanging for killing brother

Lagos worker seeks N30m for teenage son’s surgery

-------------------------------

*TODAY IN HISTORY*

* Nigeria Airways Flight 2120, a chartered flight from Jeddah, Saudi Arabia to Sokoto, Nigeria, crashed chortly after take-off, killing all 247 Muslim pilfrims and 14 crew members on board.

* On this day in 2010, the FIFA World Cup Final held in Johannesburg, South Africa. The Netherlands and Spain fought out for the prestigious football trophy. Spain won the match 1-0.

-------------------------------

Do not let what you cannot do interfere with what you can do. – John Wooden

Good morning



*Compiled by Hon. Osuji George osujis@yahoo.com +234-8122200446*

JUST IN: Over $165,000,000,000 added to the cryptocurrency market cap today.
As Bitcoin hit $116,500 a new all time high

@Dims Travels Global Updates.
#Be the First to know

Politicians and corrupt individuals now hide stolen funds in cryptocurrency wallets.

~ EFCC chairman, Ola Olukoyede

If you fill like giving uptell yourself this

*"You have come too far to backoff"*

giving up is never an option

... Keep engaging all your crypto projects

Stay focused. Stay positive. Have patience and keep grinding.

*SUCCESS IS SURE.*

*GM*

If you fill like giving uptell yourself this

*"You have come too far to backoff"*

giving up is never an option

... Keep engaging all your crypto projects

Stay focused. Stay positive. Have patience and keep grinding.

*SUCCESS IS SURE.*

*GM*

If you fill like giving uptell yourself this

*"You have come too far to backoff"*

giving up is never an option

... Keep engaging all your crypto projects

Stay focused. Stay positive. Have patience and keep grinding.

*SUCCESS IS SURE.*

*GM*

Pi Network is a cryptocurrency project that allows users to mine Pi tokens using their mobile devices. The GCV is an estimate of Pi's potential value in the global market.

The Pi Network's GCV is not fixed and may fluctuate based on market demand, supply, and other factors. The project's mainnet is still in development, and the actual value of Pi will depend on its adoption, use cases, and market dynamics

This #Pi2Day2025 at Stanford isn't just a celebration; it's a strategic declaration of Pi Network's future, deeply intertwined with the power of AI. With Dr. Nicolas Kokkalis, a #StartX co-founder, and Dr. Chengdiao Fan presenting at the AI for Good Summit, the implications for Pi are profound and multifaceted.

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Imagine the possibilities:

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Finally we can have some reliefs from this war drama Make our crypto portfolio start pumping back oo

FOR THE LOVER'S OF CRYPTO AND THE PI NETWORK