The Central Bank of Nigeria’s Economic Intelligence Unit (EIU) and the Nigerian Financial Intelligence Unit (FIU) are working with Interpol and the US Federal Bureau of Investigation (FBI) in an investigation to uncover companies engaged in foreign exchange fraud that involves the purchase of over-invoiced foreign houses.

The central bank has also introduced product valuation mechanisms in a bid to clamp down on trade-based financial crimes that employ misinvoicing. 

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