The Economic and Financial Crimes Commission (EFCC) of Nigeria is taking a comprehensive and multi-pronged approach to combat financial crimes and protect the Nigerian Naira from illegal activities.
In a recent operation, the EFCC has frozen hundreds of bank accounts that are suspected to be involved in illegal foreign exchange trading.
This crackdown aims to safeguard the stability of the Naira, which has been vulnerable to manipulation by black market currency traders.
The EFCC chairman, Ola Olukoyede, revealed that a single account holder had transacted a staggering $15 billion outside regulations in just one year.
This exemplifies the significant disruption illicit currency trading can cause to the financial system and the need for strict measures to protect the economy.
Furthermore, the EFCC is ramping up its pursuit of former governor Yahaya Bello, who is accused of corruption charges that exceed N80 billion.
Bello reportedly disregarded a summons from the EFCC and actively obstructed attempts to arrest him at his residence.
The EFCC emphasizes that it acted within the law and remains resolute in its pursuit of bringing Bello to justice.
The anti-corruption agency is committed to prosecuting cases of financial crimes promptly, thoroughly, and without fear or favour, to promote transparency, accountability, and good governance in Nigeria.
