EFCC Sets Up Special Task Force Against Dollarization Of Economy, Mutilation Of Currency 

The Economic and Financial Crimes Commission, EFCC, on Wednesday, February 7, 2024, said it has raised a Special Task Force in all its Zonal Commands for the enforcement of extant laws against currency mutilation and dollarization of the economy.

 The Head,  Media and  Publicity, Dele Oyewale, in a statement on Wednesday, February 7, 2024, said the Economic and Financial Crimes Commission, EFCC, has raised a Special Task Force in all its Zonal Commands for the enforcement of extant laws against currency mutilation and dollarization of the economy.

 According to him, the Task Force, was inaugurated by the Executive Chairman of the Commission, Ola Olukoyede, and was made 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

 "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.