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Banks, fintechs enabled N162bn crypto, N18.7bn scam flows — EFCC - Source News

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Banks, fintechs enabled N162bn crypto, N18.7bn scam flows — EFCC

Vanguard•about 1 month ago•centre•Credibility: 80/100

The Economic and Financial Crimes Commission (EFCC) has uncovered widespread compromise within Nigeria’s financial system, revealing that banks, fintech companies and microfinance banks enabled the movement of N162 billion in cryptocurrency transactions and N18.7 billion in fraud proceeds without due diligence, facilitating scams that affected more than 900,000 Nigerians. The post Banks, fintechs enabled N162bn crypto, N18.7bn scam flows — EFCC appeared first on Vanguard News.

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Banks, fintechs enabled N162bn crypto, N18.7bn scam flows — EFCC

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