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The Economic and Financial Crimes Commission (EFCC) has frozen over 300 accounts suspected to be involved in criminal foreign exchange (FX) transactions.
Mr Ola Olukoyede, the chairman of the anti-graft agency disclosed this on Tuesday.
While addressing newsmen in Abuja, Olukoyede said that the commission has discovered another worse scheme other than crypto trading platform Binance and its system.
He said the scheme popularly called the “P to P” peer- peer financial trading scheme has operated outside the official banking and financial corridors.
The anti-corruption czar warned that the scheme could further crash the value of Naira if decisive actions are not been taken immediately.
Olukoyede said, “There are people in this country doing worse than Binance. Over $15bn passed through one of the platforms in the last one year outside the financial regulations.”
The Federal Government is currently prosecuting Binance Holdings Limited and its two officials, Tigran Gambaryan and Nadeem Anjarwalla, for alleged tax evasion and other crimes.
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Security agents in Kenya last week arrested Anjarwalla, who fled Nigeria some weeks ago.
The commission had instituted five-count charges bordering on tax evasion, currency speculation and money laundering against Binance Holdings Limited, Tigran Gambaryan and Anjarwalla, the firm’s executives.
For months, the Nigerian government sustained its crackdown on Binance over its role in manipulating the country’s Foreign exchange market.
During the 293rd meeting of the Monetary Policy Committee, MPC, in February, the Central Bank of Nigeria Governor, Olayemi Cardoso, had said that more than $26 billion had been funnelled through Binance without a trace.
