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The Economic and Financial Crimes Commission ( EFCC) has arrested over 200 suspects in connection with foreign exchange scams and manipulation of the financial markets.
According to reports, the suspects were arrested by the EFCC for forex scam and manipulation of the financial markets.
Recall that the EFCC last week expanded its clampdown exercise on BDC operators, arresting traders in Lagos, Kano and Port Harcourt.
The raid of the BDC operators is part of the Federal Government’s efforts to tame the free fall of the local currency,as it blames the actions of speculators in the forex market and digital marketing sphere for the significant depreciation of the naira.
At least two persons have been confirmed dead after Ukraine launched a drone at a village in Russia’s Belgorod border region, shelling the occupied city of Gorlivka in its east on Thursday. Speaking with the press, the local governor Vyacheslav Gladkov narrated that an aircraft-type unmanned aerial vehicle crashed into a house in the village of Krasny Vostok in the Belgorod region, destroying the building’s floor. While accusing Kyiv of […]
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