CBN To Expand eNaira For Government Payments, MDAs Transactions 

The Central Bank of Nigeria (CBN) plans to expand the use of its digital currency, eNaira, to facilitate payments into government accounts and allow Ministries, Departments, and Agencies (MDAs) to initiate vendor and beneficiary payments. This is according to the CBN’s newly released Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for Fiscal Years 2024-2025…

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JUST-IN: EFCC Arrests Abuja ‘Young Billionaire’ For Internet Fraud; Seizes Cars, houses

  The Economic and Financial Crimes Commission (EFCC) has arrested a 35-year-old man, Hyginus Nkwocha, in Abuja for alleged internet fraud and money laundering. The suspect, described as a ‘young billionaire,’ was apprehended at Ever Green Estate, behind Millennium Estate, Lugbe, Abuja, following intelligence about his suspected involvement in internet fraud and money laundering. Items…

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