The Economic and Financial Crimes Commission has halted 300 illicit forex accounts that were operating on a peer-to-peer platform.
According to EFCC Chairman Ola Olukoyede, the accounts were put on hold on Monday as a result of a judicial ruling.
Speaking on Tuesday in Abuja, Olukoyede revealed that, in violation of financial regulations, over $15 billion went through one of the forex platforms in the previous year.
He claimed that the EFCC’s action was done to safeguard the economy and guarantee the security of the foreign exchange market.
More details later..
