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EFCC to enforce laws against dollarization of the economy, Naira Mutilation


The Economic and Financial Crimes Commission (EFCC) has set up a task force to enforce extant laws against currency mutilation and dollarization of the economy.

This is contained in a statement by the commission posted on its official X (formerly Twitter) account on Wednesday, February 7, 2024.

According to the statement, the anti-graft agency has set up the task force in all its zonal commands as an attempt to protect the economy from abuses, leakages and distortions exposing it to 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.

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.

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