Efcc Links Banks, Fintechs To N162bn Crypto Fraud, Recovers Funds

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The Economic and Financial Crimes Commission EFCC has implicated a new-generation commercial bank, six fintech companies and several microfinance banks in a large-scale financial fraud involving cryptocurrency transactions valued at ?162 billion.

The disclosure was made on Thursday during a press briefing at the Commission's headquarters in Abuja by the EFCC's Director of Public Affairs, Mr. Wilson Uwujaren.