O The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, says the anti-corruption agency has uncovered another worse scheme besides crypto trading platform Binance and its system.
He said the agency had frozen around 300 accounts to ensure the security of the foreign exchange market.
The scheme popularly called the “P to P” peer financial trading scheme operated outside the official banking and financial corridors and there was an impending disaster that could further bring down the value of the Naira which continued to rise.
“There are people in this country who are worse off than Binance,” he said, adding that more than $15 billion passed through one of the platforms last year, outside of financial regulations.
