Banks, fintechs facilitate N162bn crypto, N18.7bn scamEFCC

By Luminous Jannamike The Economic andFinancial CrimesCommission (EFCC) has uncovered widespread compromise within Nigerias 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 Commission said the []The post Banks, fintechs facilitate N162bn crypto, N18.7bn scamEFCC appeared first on Vanguard News.
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