The Economic and Financial Crimes Commission (EFCC) has issued a stern warning to hotels, schools, and other businesses against accepting payments in dollars from local customers, stating that such actions could lead to arrest.
In a recent publication titled EFCC Alert, the Chairman of the EFCC, Ola Olukoyede, emphasized that any form of dollarization within the local economy would not be tolerated, except in cases where foreigners are involved and the only means of transaction is through their credit cards and dollars.
Olukoyede highlighted that charging local activities and customers in dollars goes against the Nigerian constitution, and as such, the EFCC will take decisive action against establishments found engaging in such practices. He emphasized that arrests have already been made in this regard, signaling the agency’s commitment to enforcing compliance with local currency regulations.
Related posts:
30 Years Old Man defiled landlady’s 13-year-old daughter in Rivers6 months ago
Breaking News
Bauchi man apprehended for trying to kill his wife with a pestle6 months ago
Crime
Update On Pastor Paul Enenche Vs Church Member's Testimony6 months ago
Breaking News
Enugu Makeup Artist's Killer Sentenced to Death by Hanging6 months ago
Breaking News
NAFDAC Prohibits Sale of Dex Luxury Bar Soap6 months ago
Breaking News