Court convicts 21 firms of operating illegal investment schemes, imposes N630m fines

Premium Times Nigeria | 28-09-2026 10:04pm |

A court has convicted 21 firms of operating illegal investment schemes and imposed fines totaling N630 million. The EFCC accused the firms of violating section 57 (1) of the Banks and Other Financial Institutions Act of 2020. The conviction is part of efforts to curb illegal financial activities in Nigeria.

Stay Updated with the Latest News!

Don't miss out on breaking stories and in-depth articles.