Breaking: EFCC freezes over 300 accounts in Nigeria due to suspicious forex transactions.

The Economic and Financial Crimes Commission (EFCC) has frozen over 300 accounts due to suspicious forex transactions, revealing a new financial scheme dubbed the "P to P" peer-to-peer trading, operating outside official channels. EFCC Chairman Ola Olukoyede warns of potential threats to the Naira's stability, with over $15 billion passing through these platforms in a year, bypassing regulations. This crackdown echoes recent government actions against crypto trading platforms like Binance, with claims of over $26 billion channeled through Binance without trace. The EFCC is determined to protect Nigeria's financial system integrity and the Naira's value amidst these challenges.