The Economic and Financial Crimes Commission (EFCC) Chairman, Ola Olukoyede has revealed that the agency has frozen three hundred (300) illegal forex trading accounts in order to ensure the safety and stability of the foreign exchange market,
He disclosed this on Tuesday, 23rd April, 2024 at an interactive session with journalists in Abuja.
The trading accounts termed “P to P” (peer to peer) is an illicit financial trading scheme which has posed a severe threat to the stability of Naira.
The platform, according to him, is operating outside the official banking and financial corridors ,with more than 300( three hundred) accounts linked to it already frozen by the EFCC.
He reaffirmed the commitment of the Commission to the economic growth and development of the country, promising that the EFCC would not relent in the exercise of its mandate.
He told the media executives that the Commission has recovered more than N120billion from fraudsters within six months and secured more than 1300 convictions.
He called on Nigerians to be more dedicated to the nation, insisting that patriotic Nigerians should offer more support to the EFCC because the Commission is crucial to the growth and development of Nigeria.
‘’If you support the EFCC, you are working for the growth of Nigeria. We all have stakes in the wellbeing of our nation”, he said.
