EFCC Raises Special Task Force against Dollarization of Economy, Mutilation of Currency

Feb. 7, 2024

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.

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.

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.