The Police Special Fraud Unit (PSFU) in Ikoyi, Lagos, has intensified efforts to combat cryptocurrency-related crimes by organising specialised training for its detectives.
The programme, held at Sunday Adewusi House in Ikoyi, was conducted in partnership with the Internal Revenue Service Criminal Investigation (IRS-CI) and supported by the United States Consulate in Lagos.
Details of the initiative were provided in a statement issued by the unit’s spokesperson, DSP Ovie Ewhubare, on behalf of the Commissioner of Police in charge of the PSFU, Eloho Okpoziakpo.
Okpoziakpo explained that the training forms part of broader efforts to strengthen the unit’s capacity to address emerging financial crimes, particularly those linked to digital currencies.
He added that the initiative aligns with the vision of the Inspector-General of Police, Olatunji Disu, to build a more proactive, intelligence-driven, and technology-oriented police force.
During the training, officers were introduced to advanced methods for tracing cryptocurrency transactions, analysing digital assets, and applying modern investigative techniques to cyber-enabled financial crimes.
Participants also received insights into how cryptocurrencies operate, including their structure, regulatory frameworks, and potential for misuse in criminal activities.
Okpoziakpo noted that the growing adoption of digital currencies has created new challenges for law enforcement, stressing the need for officers to remain ahead of evolving trends to ensure effective investigations and prosecutions.
The workshop included interactive sessions that allowed participants to engage directly with experts and gain practical knowledge on handling crypto-related cases.
He reaffirmed his commitment to transforming the PSFU into a globally recognised investigative unit grounded in professionalism, innovation, and adherence to international best practices.