The Chairman of the Economic and Financial Crimes Commission, EFCC, Ola Olukoyede, on Tuesday, said the Commission has discovered another worse scheme other than 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- peer financial trading scheme has operated outside the official banking and financial corridors and there was a looming disaster that could further crashed the Naira value that has continued to gain.
“There are people in this country doing worse than Binance,” he said.
He added that over $15bn passed through one of the platforms in the last one year, outside the financial regulations.
Barely a month after the Port Harcourt Refinery seemingly resumed operations, the facility reportedly ceased functioning. The…
Former Speaker of the House of Representatives, Yakubu Dogara, has taken a swipe on northern…
The Army Council has approved the promotion of 108 senior officers in the Nigerian Army,…
The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has issued a fresh ultimatum to…
The Court of Appeal in Abuja has awarded N15 million as general damages against MTN…
Controversial human rights lawyer, Dele Farotimi has been granted ₦30 million bail by a Magistrate…