The Economic and Financial Crimes Commission (EFCC), in an effort to stem the free fall of the naira in the FOREX market, has constituted a Special Task Force to curb what it terms the ‘dollarization’ of the economy.
The EFCC Head of Media and Publicity, Dele Oyewale, revealed this in a statement released on Wednesday.
According to Oyewale, the task force will be spread across all zonal offices of the anti-graft agency.
“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 partly reads
On allegations of private tertiary institution charging tuition fees in dollars, Oyewale added that proprietors of private universities and other institutions of higher learning engaging in such act have been invited by the Commission.
