The Economic and Financial Crimes Commission (EFCC) has established a Special Task Force across all its Zonal Commands to enforce existing laws against currency mutilation and the dollarization of the economy.
Under the leadership of the Executive Chairman of the Commission, Ola Olukoyede, the Task Force aims to safeguard the economy from abuses, leakages, and distortions that could potentially destabilise and disrupt it.
Already, the Commission has made some arrests of perpetrators of the 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.
