The Chairman of the Economic and Financial Crimes Commission, EFCC, Ola Olukoyede, said on Tuesday, that the Commission has discovered another scheme worse than the crypto trading platform, Binance and its system.
Olukoyede said EFCC has frozen about 300 accounts to ensure the safety of the foreign exchange market.
The scheme, popularly called the “P to P” peer-to-peer financial trading scheme has operated outside the official banking and financial corridors and there was a looming disaster that could further crash the Naira value that has continued to gain.
“There are people in this country doing worse than Binance,” he said.
He added that over $15 billion passed through one of the platforms in the last year, outside the financial regulations.
Hafsoh Isiaq is a graduate of Linguistics. An avid writer committed to creative, high-quality research and news reportage. She has considerable experience in writing and reporting across a variety of platforms including print and online.
The Police in Niger State have arrested a 53-year-old father of seven children, Abdullahi Imman…
On this day in history, May 3, Osun Defender travels back to May 3, 1992,…
A teenager, Joshua Olayiwola, has been ordered by a Family Court sitting in Iyagangu, Ibadan,…
An order restraining the National Electricity Regulatory Commission and the Kano Electricity Distribution Company from…
The Nigerian Army has commenced the recruitment exercise for 87 Regular Recruits Intake for Non-Tradesmen…
Members of the Academic Staff Union of Universities (ASUU), University of Abuja (UNIABUJA) chapter have…
This website uses cookies.