CBN, NFIU reverse $3m Cryptocurrency fraud

By AdvocateNews on 23/02/2021

Share on facebook Yahoo mail icon Gmail icon

Views: 348


The Central Bank of Nigeria and the Nigerian Financial Intelligence Unit has reversed a $3 million fraud back to a country.

The fraud was perpetuated through the usage of Cryptocurrency.

Speaking before a Senate Joint Committee, the Director and Chief Executive Officer of NFIU, Modibbo Haman, informed the lawmakers that Cryptocurrencies are being used to perpetuate fraud.

According to Haman: “We reversed more than $3 million fraud back to the country with CBN.

'The fraud was carried out through Cryptocurrency.”

The NFIU Director added that the decision taken by the CBN on Cryptocurrency was in the best interest  of the country.

The CBN had through its Governor, Godwin Emefiele, announced a ban on trading in Cryptocurrency.

Posted 23/02/2021 3:15:27 PM

 

Share on facebook Yahoo mail icon Gmail icon


 

You may also like...
Dokpesi loses bid to stop N2.1 billion money...

Payment of $462m for fighter jets, impeachable offence,...

Buhari’s victory and challenges ahead – Punch

Catholic Bishops demand Buhari resignation over spate of...

DSS speaks on report it tortured President Buhari’s...

One dead, others injured as elevator crashes in...

Court orders CBN to unfreeze EndSARS Protesters Accounts...

Umahi bans Vanguard, The Sun reporters from govt...

Fayose backs Soyinka, Afenifere urges South West govs...

WAEC releases WASSCE results, withholds 215,149

Atiku distances self from GoFundMe account

How will Umahi square with Ogbonnaya Onu?

 

Latest News ISWAP terrorists sack military base in Buratai’s village I sacrificed my parents for Biafra, I will sacrifice everything – Nnamdi Kanu vows COVID-19: I won’t take vaccine, I’m not guinea pig – Bishop Oyedepo Why I supported Boko Haram, al Qaeda, Taliban — Buhari’s Minister S-East govs, Ohanaeze, monarchs compiling names of IPOB members, ESN operatives for FG – Spokesperson Printing of N60bn by CBN, wake up call for Buhari, APC – PDP warns Police confirm death of Abuja pastor, Evans Unaegbu Buhari snoring while Nigeria sinks under him – Dino Melaye Nine govs stealing LG funds through cronies–NULGE Abductors of Kaduna students demand N500 million ransom Police arrest Woman for poisoning 3-year-old stepson with Sniper Insecticide Forces against NIN policy behind attacks against me – Pantami

 

Most Read I’ve no Coronavirus, govt wants to kill me – Anambra Index case (84,803 views) Fleeing ex-DG Imo Broadcasting Corporation who stabbed wife to death arrested (72,941 views) Ugwuanyi commends FG’s siting of ICT University in Enugu (69,574 views) Sickle cell support group seeks government intervention (69,574 views) Ebonyi bans embalming of corpses in homes (69,572 views) FG sends new directive to banks, schools as Buhari extends lockdown by four weeks (69,570 views) Ex-Heads of State will protect Jonathan from persecution —Kukah (69,562 views) Full Text of Governor Ifeanyi Ugwuanyi’s 2016 Budget Speech (69,492 views) HUSHPUPPI: CRIMINALS HAVE NO TRIBE. THEY SHAME ALL OF US... (68,227 views) ASUU strike: Senate intervention ends in deadlock (67,535 views) All you need to know about Peter Obi, PDP VP Candidate (56,966 views) DEMOCRACY DAY: President Muhammadu Buhari’s full speech (54,999 views)

 

 

SECTIONS FAITH (99) EDITORIAL (14) NEWS (4,968) POLITICS (482) SOCIETY (125) SPORTS (43) BUSINESS (346) HEALTH (50) EDUCATION (44) ENTERTAINMENT (33) INTERNATIONAL (143) TECHNOLOGY (1) COLUMNISTS (57) LETTERS (3) OPINION (32)

 

 


There are no video entries posted yet.