EFCC forms Special Task force to combat currency mutilation, dollarization of economy


The Economic and Financial Crimes Commission (EFCC) has formed a special task force in each of its zones to combat the dollarization of the economy and the mutilation of the currency in the country.

According to a statement issued by the anti-graft agency’s Head of Media and Publicity, Dele Oyewale, the task force was formed to defend the economy from abuses, leakages, distortions, and exposure to instability and disruption.

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.

“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.