EFCC Admits SCUML Certificate Not Clearance To Operate In Nigeria
The Economic and Financial Crimes Commission (EFCC) has clarified that having a Special Control Unit against Money Laundering (SCUML) certificate does not necessarily imply clearance to lawfully operate in Nigeria or regulatory approval for online businesses. This statement comes amid the collapse of the CBEX cryptocurrency investment scheme, which was reportedly operating under the corporate […]
How CBEX wiped off investors’ N1.3trn in nine months
Nigerians are no strangers to Ponzi schemes, with CBEX joining a long list of successful scams. According to investors, the people behind the digital platform have carted away over N1.3 trillion from their wallets after crashing on Monday. The platform now joins the scams hall of fame in the country. This list includes Mavrodial Mondial […]