₦airaland Forum

The Economic and Financial Crimes Commission, EFCC, has warned schools, supermarkets, hotels and others against charging for services in the country in dollar or any other foreign currency.

EFCC Chairman Ola Olukoyede, in the latest edition of the commission’s monthly e-magazine, released on Monday, threatened to jail anyone found dollarising the economy.

The EFCC boss cautioned that anyone caught collecting dollar for services or goods would be treated as a criminal in accordance with relevant Nigerian laws.

He vowed that the commission would go after schools, supermarkets, hotels, estate developers and business operators that used the dollar for transaction instead of naira.

“We have also started securing convictions. Schools that charge Nigerians in dollar, supermarkets that trade in dollar, estate developers that sell their property in dollar, hotels that are invoicing in dollar, we are coming after you and we have made arrests in that area.

“Yes, if foreigners are coming in and the only means of transacting is their credit card, and dollar, why not, you will get that.

“But document it properly as against selling things within the system, local economy and you will be using dollar as the medium of exchange, it is illegal.

“Our law does not allow for that. And we have also effected some arrests,” he said.

BeeBeeOoh:
https://dailypost.ng/2024/04/08/dont-transact-in-dollar-efcc-warns-schools-hotels-others/

socialmediaman:
As long as they can still transact with people abroad in foreign currencies, it makes sense

But let's just tell ourselves the truth, the real culprits are enemies that lie within, the ones stealing N30 billions and billions and converting to USD

When we're ready to fight the real corruption, we'll know

Farrason:
What about Airlines Sir? Did you deliberately overlook them.

fareed69:
They are saboteurs.
Nigeria will rise again.

“We have also started securing convictions. Schools that charge Nigerians in dollar, supermarkets that trade in dollar, estate developers that sell their property in dollar, hotels that are invoicing in dollar, we are coming after you and we have made arrests in that area.

Thundafireseun:
A lot of people still don’t know that the introduction of BVN made politicians withdraw their money in Order not to be traced back to them … since it might be too bulky to hide , they converted billions of Naira into dollars…thereby creating artificial scarcity due to the obvious high demand for dollars…

Any time EFCC or FG is really ready to fight crime and bring down dollars for real…they know exactly what to do and not this artificial subsidizing the dollars and witch hunting which will never have a lasting effect