The Economic and Financial Crimes Commission (EFCC) has taken decisive action by freezing 300 illicit accounts used by economic saboteurs to undermine the stability of the Naira. This announcement was made by the Chairman of the Commission, Mr. Ola Olukoyede, during a media briefing held in Abuja on Tuesday.

Mr. Olukoyede revealed that the EFCC's efforts had led to the identification and freezing of these accounts, which were instrumental in facilitating illegal financial activities. Among the illicit accounts uncovered, one particularly stood out, containing a staggering N50 billion.

This move underscores the EFCC's commitment to combating economic crimes and preserving the integrity of Nigeria's financial system. By targeting and neutralizing these illicit accounts, the Commission aims to disrupt the operations of economic saboteurs and safeguard the nation's economic interests.

The Chairman emphasized the significance of such actions in curbing financial malfeasance and maintaining the stability of the Naira. He reiterated the EFCC's determination to relentlessly pursue perpetrators of financial crimes and hold them accountable for their actions.

This development serves as a warning to those engaging in illicit financial activities, signaling that the EFCC remains vigilant and proactive in its efforts to combat economic sabotage and protect the country's financial well-being.

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