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Wednesday, February 12, 2025

Court jails BDC operator six months for illegal forex trading

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The Federal High Court in Ikoyi, Lagos, has sentenced one Faruk Umar to six months imprisonment for engaging in illegal foreign exchange transactions. According to a statement on Monday via X by the Economic and Financial Crimes Commission, Justice Chukwujekwu Aneke delivered the judgment on Wednesday, following Umar’s guilty plea to the charge brought against

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