Central Bank Crackdown: Nigeria Targets Forex Fraud Amidst Economic Challenges
Nigeria’s central bank governor, Olayemi Cardoso, delivered a stern message on Friday, warning that entities involved in fraudulent foreign exchange activities would face repercussions. This announcement came in the wake of a significant development: a forensic audit aimed at clearing a backlog of $7 billion in overdue forex transactions. The audit revealed a staggering $2.4 […]