The Economic and Financial Crimes Commission (EFCC) has established a dedicated Special Task Force across all of its zonal commands with the primary objective of ensuring strict enforcement and compliance with existing laws about currency mutilation and the prevalence of dollarization within the economy.
In a statement issued on Wednesday in Abuja, the anti-graft spokesperson, Dele Oyewale unveiled the latest development on mitigating the high use of the dollar in our current economy.
Mr Dele stressed that the Task Force, which was set up by the Chairman of the Commission, Mr Ola Olukoyede, aims to safeguard the economy from misuse, financial leaks, and distortions that make it vulnerable to instability and disruptions.
He said, “So far, the commission has arrested some people who have been involved in issuing invoices in dollars and damaging the Nigerian currency in both Lagos and Port Harcourt.”
The agency reaffirms its commitment to the stabilization of the naira currency by ensuring the hoarding of dollars is reduced to its minimum.