EFCC Clamps Down On Firms For Issuing Dollar Invoices In Lagos, Rivers, kaduna

The Economic and Financial Crimes Commission (EFCC) reported the arrest of many currency racketeers in Lagos, Port Harcourt, and Kaduna amid attempts to stop the naira’s ongoing devaluation against the dollar.

Furthermore, it has called in owners of for-profit colleges and universities who charge dollar fees for their services.

According to THE MATRIX, the EFCC declared on Wednesday that, in order to address the problems of currency mutilation and the dollarization of the economy, it has formed a Special Task Force inside its Zonal Commands.

Read Also:  EFCC Set Up Taskforce Against Naira Mutilation

This development coincided with a request from the Association of Bureaux De Change Operators of Nigeria (ABCON) for the Central Bank of Nigeria (CBN) to permit its members to recommence dollar sales.

The naira traded at N1,490/$ at the parallel market and N1,418/$ in banks yesterday.

In a statement by its Head of Media and Publicity, Dele Oyewale, the EFCC said the task forces will ensure “the enforcement of extant laws against currency mutilation and dollarisation of the economy.

Read Also:  EFCC Parades Alleged Illegal Miners, Seizes 12 Trucks Of Lithium In Kwara

“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.”

In a separate statement, the EFCC reported that its operatives from the Kaduna Zonal Command apprehended three individuals linked to suspected currency racketeering.

Identified as Musa Gideon, Abdul Seidu Adamu, and Justine Musa, the suspects were apprehended yesterday on Yakubu Gowon Way, Kaduna, as they attempted to “sell new naira notes to an EFCC undercover operative.“