Nigeria Returns Over $132,000 and N78.5 Million to Victims of Foreign Fraud

In a significant move to combat financial crimes and uphold justice, the Economic and Financial Crimes Commission (EFCC) has returned a total of $132,362.43 and N78,566,324.81 to victims of fraud from the United States, Spain, and Switzerland. This act underscores Nigeria’s dedication to tackling economic and financial crimes while ensuring restitution for those affected by…

EFCC Set to Prosecute Forex Racketeers: Crackdown on Illegal Trading

The Economic and Financial Crimes Commission (EFCC) contemplates prosecution of 300 Forex Racketeers engaged in Peer-to-Peer Trading beyond Regulatory Bounds. In a recent interactive session with editors and bureau chiefs in Abuja, EFCC Chairman Ola Olukoyede hinted at potential prosecution proceedings against approximately 300 individuals involved in forex racketeering via a peer-to-peer platform, circumventing financial…