• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, June 6, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

BREAKING: EFCC Freezes 300 Accounts Over Suspicious Forex Deals

by Ejike Ejike
1 year ago
in Crime
EFCC
Share on WhatsAppShare on FacebookShare on XTelegram

The chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has revealed that the anti-graft agency has discovered another worse scheme other than what the crypto trading platform Binance and its system were doing.

Advertisement

Consequently, he said the agency has frozen about 300 accounts to ensure the safety of the foreign exchange market.

The scheme popularly called the peer-peer financial trading scheme (P to P) has operated outside the nation’s official banking and financial system, adding that there was a looming disaster that could further crashed the value of the local currency Naira if care was not taken.

“There are people in this country doing worse than Binance,” he said, adding that over $15bn passed through one of the platforms in the last one year, outside the financial regulations.

Recalls that the Nigerian government is currently prosecuting two Binance executives in court over tax evasion and other financial crimes.

RELATED

Lawyers Raise Alarm Over ‘Gradual Desecration’ Of Legal Profession In Rivers

Alleged N620m Fraud: Court Discharges Baptist Pastor, Others

14 hours ago

Man Arrested For Killing Pregnant Wife In Niger

16 hours ago

Details Later…


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

START EARNING US DOLLARS as a Nigerian ($35,000) monthly. Companies are sacking their workers due to AI (artificial intelligence), business owners are in panic mode. Only the smart will make it. Click here


Tags: Economic and Financial Crimes Commission (EFCC)Forex
SendShareTweetShare
Previous Post

Bullying: Student Of Abuja’s School Apologises To Victim, Public

Next Post

UNN Suspends Lecturer Caught Harassing Female Student

Ejike Ejike

Ejike Ejike

You May Like

Lawyers Raise Alarm Over ‘Gradual Desecration’ Of Legal Profession In Rivers
Crime

Alleged N620m Fraud: Court Discharges Baptist Pastor, Others

2025/06/06
Crime

Man Arrested For Killing Pregnant Wife In Niger

2025/06/06
Court Remands Kano TikToker Over Cross-dressing, ‘Indecent’ Social Media Content
Crime

Court Remands Kano TikToker Over Cross-dressing, ‘Indecent’ Social Media Content

2025/06/04
police
Crime

Police Arrest 4 Suspected Cult Members In Plateau

2025/06/04
Court Dismisses Bizman’s N50m Suit Against AIG Interpol, Others
Crime

Court Remands 2 Chinese Nationals Over Alleged Illegal Export Of Mineral Resources

2025/06/04
Police Arrest 3 Suspected Notorious Cultists In Lagos
Crime

Police Arrest 3 Suspected Notorious Cultists In Lagos

2025/06/01
Leadership Conference advertisement

LATEST

ACF Mourns Uwais, Describes Ex-CJN Jurist Of Repute

Tolu Arokodare On Target As Super Eagles Share Spoils Against Russia

Godly Parenting Summit To Empower Parents For Brighter Future

Eid-al-Adha: No Nation Rises Without Unity, Sacrifice — Shettima

Makinde Advocates 6-year Single-term For Political Office Holders

Fire Guts Section Of Kano Phone Market On Eid Day

Hardship: El-Rufai, Amaechi Owe Nigerians Apology — Shehu Sani

Raphinha Named 2024/2025 La Liga Player Of The Season

Benue Gov’t Directs Residents To Vacate Flood-prone Areas

Gabriel Signs New Long-term Deal At Arsenal 

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.