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

The Economic and Financial Crimes Commission (EFCC) has uncovered widespread compromise within Nigeria’s financial system, revealing that commercial banks, fintech companies and microfinance banks facilitated 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 facilitate N162bn crypto, N18.7bn scam — EFCC appeared first on Vanguard News.