EFCC Launches Special Unit To Crack Down On Dollarisation, Naira Mutilation
The Economic and Financial Crimes Commission (EFCC) has formed a Special task force to enforce laws prohibiting currency defacement and dollarization of the Nigerian economy.
The task force, inaugurated by EFCC Chairman Ola Olukoyede, aims to protect the economy from instability caused by illegal practices like invoice issuance in foreign currency and naira mutilation.
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According to EFCC spokesperson Dele Oyewale, units of the task force have been established in all EFCC zonal commands.
Oyewale said the commission has already made arrests related to foreign currency invoices and naira defacement in Lagos and Port Harcourt.
“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,” the spokesman noted.
