The Economic and Financial Crimes Commission (EFCC) has frozen over 300 accounts over suspicious forex flow which devalues the naira.
EFCC chairman, Ola Olukoyede made this in a statement on Tuesday confirming the financial instability of peer to peer trading scheme
Olukoyede said the new peer to peer financial trading scheme also known as (p2p) will pose a great threat to forex exchange because it operates outside official banking channels
Reacting to the p2p trading scheme, EFCC Freezes estimated 300 accounts associated with this scheme while stressing the urgent need to address this issues
Olukoyede emphasizes the EFCC commitment in safe guarding the country’s financial system and protecting Naira’s value.
