EFCC kicks against dollarization of economy, summons school proprietors found guilty

EFCC kicks against dollarization of economy, summons school proprietors found guilty

The Economic and Financial Crimes Commission (EFCC) has raised a special task force in all its zones against the dollarization of the economy as well as the mutilation of the currency in the country.

The anti-graft agency in a statement by its Head of Media and Publicity, Dele Oyewale, disclosed that the task force was raised to protect the economy from abuses, leakages as well as distortions and exposure to instability and disruptions.

The commission said it has already arrested some perpetrators of the acts in both Lagos and Port Harcourt.

It also said proprietors of institutions charging students in dollars have been invited over for questioning.

“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,” the statement read.