EFCC Raises Special Task Force Against Dollarization Of Economy, Currency Mutilation

The Economic and Financial Crimes Commission (EFCC), has set up a Special Task Force in all its Zonal Commands for the enforcement of extant laws against currency mutilation and dollarization of the economy.

EFCC’s Head of Media and Publicity, Dele Oyewale who disclosed the development in a statement on Wednesday said, 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

Oyewale said, 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.

He also said that the 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”, he added.

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