EFCC RESUMES CLAMPDOWN ON CRYPTOCURRENCY PLATFORMS, OTHERS
The Economic and Financial Crime Commission, EFCC, has continued its crackdown on Binance and other cryptocurrency platforms amid the recent marginal surge of the Dollar against the Naira in the foreign exchange market.
The spokesperson for the EFCC, Dele Oyewale, confirmed the crackdown.
He said that the Commission was doing everything lawful to ensure sanity within the countryās forex market.
it reported that Naira dropped three times against the Dollar last week in the foreign exchange market after months of sustained appreciation.
Reacting to the Development, Oyewale said, āThe commission is doing everything within the ambit of the law to ensure that thereās sanity in the Nigerian foreign exchange market.ā
The Commission recently took over the case of Binanceās alleged fraud offence from the office of the National Security Adviser, who had since February 26 held two of the firmsā executives, Nadeem Anjarwalla and Tigran Gambrayan, in custody.
However, Nadeem Anjarwalla escaped from custody in Nigeria in March.
While the Nigerian government vowed to extradite Anjawalla, Gambrayan was arraigned in court in April for alleged tax invasion.
The government had consistently blamed currency speculators in cryptocurrency platforms as the Dollar rose against the Naira.
More Stories
CSOs TO INDEPENDENTLY ASSESS PORT HARCOURT REFINERY IN JANUARY
Nigeria's CSO umbrella group, the National Civil Society Coalition, announced Monday that it intends to conduct an impartial evaluation of...
POLICE REFUTE CLAIMS OF KILLING HUNGER PROTESTERS, DEMAND APOLOGY FROM AMNESTY.
The Nigeria Police Force has dismissed allegations made by Amnesty International in its report titled āBloody August: Nigeria Governmentās Violent...
FG ANNOUNCES PUBLIC HOLIDAYS FOR CHRISTMAS, NEW YEAR.
The Federal Government has announced three public holidays to commemorate Christmas, Boxing Day, and the New Year: Wednesday, December 25,...
EDO POLICE COMMAND CALLS FOR COOPERATION TO AVOID STAMPEDE
The Edo Police Command has called on state government representatives and other organizations to work with the police in distributing...
NPFL: REMO STARS RECLAIM TOP SPOT, 3SC SHOCK RANGERS
The Nigeria Premier Football League (NPFL) matchday 18 fixtures produced a blend of surprising results. A total of eight goals...
PRES. TINUBU MOURNS THE PASSING OF RETIRED SUPREME COURT JUSTICE UTHMAN ARGUNGU
President Bola Tinubu expresses profound sorrow over the passing of retired Supreme Court Justice Uthman Muhammad Argungu, describing his departure...