EFCC Puts Freeze on 300 Unauthorized Forex Accounts

The Economic and Financial Crimes Commission (EFCC) has taken action against 300 unauthorized forex accounts operating on a peer-to-peer platform. EFCC Chairman Ola Olukoyede disclosed that these accounts were suspended on Monday in compliance with a court order.

Addressing the press in Abuja on Tuesday, Olukoyede elaborated that one of the forex platforms facilitated the transfer of over $15 billion within the past year, circumventing financial regulations. The EFCC’s intervention aims to safeguard the integrity of the foreign exchange market and fortify the economy.

Further details on this matter are expected to be released soon……..

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