A new generation bank has alongside six Fintechs and microfinance banks got implicated by the Economic and Financial Crimes Commission (EFCC) in major financial scams by allowing fraudsters launder huge sums of money. Wilson Uwujaren, Director of public Affairs of the Commission, made this known at a press briefing at the Commission’s headquarters in Abuja on Thursday. He said the compromised institutions allegedly allowed cryptocurrency transactions worth N162 billion pass through without proper due diligence within the 2024/2025 financial year. He said that the financial institutions clearly compromised banking procedures…
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