The Economic and Financial Crimes Commission has frozen 300 illegal forex accounts trading on a peer-to-peer platform.
The EFCC Chairman, Ola Olukoyede, revealed that the accounts were suspended on Monday following a court order.
Speaking in Abuja on Tuesday, Olukoyede explained that over $15bn passed through one of the forex platforms in the last one year, outside the financial regulations.
He said the EFCC action was taken to ensure the safety of the foreign exchange market and protect the economy.
Olukoyede noted that the anti-graft agency has discovered another worse scheme other than the cryptocurrency trading platform Binance and its system.
The scheme popularly called the “P to P” peer-to-peer financial trading scheme has operated outside the official banking and financial corridors and there was a looming disaster that could further crash the Naira value that has continued to gain.
“There are people in this country doing worse than Binance,” he said, adding that over $15bn passed through one of the platforms in the last one year, outside the financial regulations.
Meanwhile, police authorities in Kenya have reportedly arrested Nadeem Anjarwalla, an executive of cryptocurrency platform Binance, who fled Nigeria some weeks ago.
Anjarwalla had escaped from custody in Nigeria following the Federal Government’s crackdown on the cryptocurrency platform in a bid to strengthen the naira.
While the Nigerian authorities later traced Anjarwalla to the East African nation, multiple reports say the Binance executive is now in the custody of the Kenyan police.
According to the reports, government sources in Kenya confirmed that the Binance chief is now in the custody of the country’s police.
Since he escaped from Nigeria, the EFCC, the International Criminal Police, the Nigeria Police Force and the Kenyan Police Service have been in talks to extradite Anjarwalla.
In March, the EFCC confirmed plans to extradite the Binance chief in the agency’s bulletin for the month.
“The takeover of the prosecution of Binance chiefs by the commission is no less a strong message in the direction of EFCC’s resolve to hedge in distortions and disruptions in the country’s forex market,” the anti-graft agency’s chief had said.
