The Economic and Financial Crimes Commission (EFCC) has warned Nigerians on the use of dollars in the purchase of goods. The crime task commission has stated that goods whenever bought in dollars will keep reducing value of the Nigerian currency which is Naira, Purchasing goods in naira will make the currency popular and spectacular.
The rise in naira value was due to market sentiment as the government agencies continue to clampdown on black market operators across the nation. The value of Naira against dollar as of today reads as 1,396.53 NGN = 1 USD.
The Economic and Financial Crimes Commission (EFCC) has put measure in place to curb this situation, a special task force in all its zones have been put against the dollarization of the economy as well as the mutilation of the currency in the country. This measure is make sure the Naira doesn’t end up losing its value completely to dollars.
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 dollar 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.