Breaking: EFCC To Clamp Down On Establishments That Demand Dollars From Local Customers

Follow us on Social Media

Social sharing
20240409 205156

The EFCC is set to apprehend hotels, schools, and other establishments that dare to demand payment in dollars from their local customers.

The EFCC warns schools, supermarkets, hotels, and others to stop charging in dollars or foreign currencies within the country.

Ola Olukoyede, the EFCC’s Chairman, shared the news on Monday in the most recent issue of the commission’s monthly e-magazine, EFCC Alert.

Olukoyede warned that legal action would be taken against individuals involved in the dollarization of the economy. He stressed that such behavior would be considered unlawful under Nigerian legislation.

“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 affected some arrests,”

-Princely Onyenwe reporting

READ ALSO  Today Marks 70 Years Of Supreme Court Decision Outlawing Racial Segregation In America’s Schools 

For inquiries on this news contact 9News Nigeria @08036856526

Leave your comment on this post

THE ROTTEN FISH: CAN OF WORMS OPENED OF APC & TINUBU'S GOVERNMENT OVER NIGERIA'S ECONOMIC DOWNTURN

WATCH THE CRITICAL ANALYSIS AND KNOW THE RESPONSIBLE PARTIES TO BLAME FOR NIGERIA'S ECONOMIC CHALLENGES, WHILE CITIZENS ENDURE SEVERE HARDSHIPS.

Watch this episode of ISSUES IN THE NEWS on 9News Nigeria featuring Peter Obi's Special Adviser, Dr Katch Ononuju, 9News Nigeria Publisher, Obinna Ejianya and Tinubu Support Group Leader, McHezekiah Eherechi

The economic crisis and hardship in Nigeria are parts of the discussion.


Watch, leave your comments, and share to create more awareness on this issue.


#9NewsNigeria #Nigeria #issuesInTheNews #politics #tinubu THE ROTTEN FISH: CAN OF WORMS OPENED ...
DON'T FORGET TO SUBSCRIBE AND LEAVE YOUR COMMENTS FOR SUBSEQUENT UPDATES
#9newsnigeria #economia #economy #nigeria #government @9newsng
www.9newsng.com

Leave your comment

Click on the link below or Scan the QR Code to join the 9News Nigeria WhatsApp Channel

9News Nigeria Investigative Reports WhatsApp Channel
9News Nigeria Investigative Reports WhatsApp Channel
About Princely Onyenwe 2476 Articles
Princely Onyenwe A seasoned Investigative Journalist, Civil Rights Activist, and Political Analyst, Currently Editor and News reporter with 9News Nigeria www.9newsng.com www.facebook.com/9newsng