An enforcement task force has been established by the Economic and Financial Crimes Commission (EFCC) to uphold existing laws against currency mutilation and the dollarization of the economy.
This is stated in a statement that the commission published on Wednesday, February 7, 2024, on its official X (formerly Twitter) account.
The anti-graft agency, according to the statement, established the task force in each of its zonal commands in an effort to safeguard the economy against mistreatment, leaks, and distortions that might cause instability and disruption.
The commission also noted that it has arrested some perpetrators of issuance of invoices in dollars and mutilation of the Naira in Lagos and Port Harcourt.
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“The Economic and Financial Crimes Commission, EFCC, has raised a Special Task Force in all its Zonal Commands for the enforcement of extant laws against currency mutilation and dollarization of the economy.
“The Task Force, inaugurated by the Executive Chairman of the Commission, Ola Olukoyede, was raised to protect the economy from abuses, leakages and distortions exposing it to instability and disruption.
“Already, the Commission has made some arrests of perpetrators of issuance of invoices in dollars and mutilation of the Naira in Lagos and Port Harcourt,” the statement reads in part.
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In addition, the anti-corruption agency also mentioned that it has extended invitations to private universities and other institutions of higher learning that charge fees in dollars.
It said, “Also, proprietors of private Universities and other institutions of higher learning charging fees in dollars have been invited by the Commission.
“The Commission is committed to the enforcement of all laws in place for the reflation and stimulation of the economy.”
