EFCC's Intensified Crackdown Targets Cryptocurrency Platforms Amid Dollar Surge

Date: 21-04-2024 2:07 pm (1 month ago) | Author: Mister Jay Wonder
- at 21-04-2024 02:07 PM (1 month ago)
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As the dollar's value continues to rise against the naira, the Economic and Financial Crimes Commission (EFCC) has escalated its crackdown on currency speculators and cryptocurrency platforms suspected of manipulating Nigeria's currency market.

Insiders within the commission revealed that the EFCC's recent actions extend beyond targeting Binance alone; instead, they encompass a broad spectrum of cryptocurrency platforms and other entities involved in manipulating the Nigerian forex market.

A reliable source within the EFCC stated, "The EFCC is pursuing all currency speculators to restore stability to Nigeria's forex market."

Echoing this sentiment, another source emphasized, "The commission's efforts are not limited to Binance but encompass a comprehensive approach targeting cryptocurrency compliance and exchanges. This multifaceted approach has contributed significantly to stabilizing the market."

In response to inquiries about these intensified efforts, EFCC spokesperson Dele Oyewale reaffirmed the commission's commitment to upholding lawful practices in Nigeria's forex market.

Oyewale stated, "The commission is diligently executing measures within the bounds of the law to ensure the restoration of orderliness and integrity in Nigeria's foreign exchange market."

With the EFCC's vigorous enforcement actions, the spotlight remains on cryptocurrency platforms and currency speculators amid ongoing efforts to mitigate the impact of the dollar's surge on Nigeria's economy.


Posted: at 21-04-2024 02:07 PM (1 month ago) | Addicted Hero
- gogoman at 21-04-2024 02:56 PM (1 month ago)
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Efcc lol  Roll Eyes Roll Eyes Roll Eyes
Posted: at 21-04-2024 02:56 PM (1 month ago) | Grande Master
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- kp45 at 21-04-2024 03:36 PM (1 month ago)
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Ok
Posted: at 21-04-2024 03:36 PM (1 month ago) | Addicted Hero
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- fineboy77 at 21-04-2024 04:57 PM (1 month ago)
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 Cool Cool Cool Cool

Posted: at 21-04-2024 04:57 PM (1 month ago) | Addicted Hero
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