At least 300 illegal forex accounts trading on a peer-to-peer platform have been frozen by the Economic and Financial Crimes Commission.
According to The PUNCH, the EFCC Chairman, Ola Olukoyede, revealed that the accounts were suspended on Monday following a court order.
Speaking in Abuja on Tuesday, Olukoyede explained that over $15bn passed through one of the forex platforms in the last year, outside the financial regulations.
He said the EFCC action was taken to ensure the safety of the foreign exchange market and protect the economy.
More to come…
