National Economy
Friday, August 22, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home Business

EFCC Establishes Special Task Force To Tackle Currency Mutilation, Dollarization

by Caleb Owaise
2 years ago
in Business
Reading Time: 1 min read
EFCC

EFCC

Share on FacebookShare on TwitterShare on Telegram

You May Like

Land Transport Policy Will Ensure Road Safety

FCT Minister Flags Off Karu Water Project, Vows Completion By June 2026

In a bid to address mounting concerns surrounding currency mutilation and the pervasive dollarization of Nigeria’s economy, the Economic and Financial Crimes Commission (EFCC) has launched a significant initiative.
Headed by Executive Chairman Ola Olukoyede, the EFCC has rolled out a dedicated Special Task Force, operational across all its Zonal Commands.
“This initiative is a crucial step towards enforcing existing laws aimed at curbing currency mutilation and preventing the infiltration of foreign currencies into our financial system,”  Olukoyede said during the inauguration of the task force.
The move comes amid escalating worries about the adverse impact of illegal practices on the nation’s economic stability.
“We are determined to staunch the tide of abuses, leakages, and distortions that pose a significant threat to our economy,” Olukoyede emphasized.
Already demonstrating proactive measures, the EFCC has made noteworthy arrests in Lagos and Port Harcourt related to illegal activities such as issuing invoices in dollars and defacing Nigerian currency. “These enforcement actions underscore our unwavering commitment to upholding the sanctity of Nigeria’s legal tender,” stated Olukoyede.
In addition to these arrests, the EFCC has initiated inquiries into allegations against proprietors of private universities and educational institutions charging fees in foreign currencies.
“We aim to root out any practices undermining our country’s monetary sovereignty and economic stability,” declared Olukoyede.
Reaffirming the EFCC’s mandate to enforce all relevant laws aimed at revitalizing the economy, Olukoyede concluded, “We send a clear message that we will spare no effort in safeguarding Nigeria’s financial integrity and promoting a robust and sustainable economic environment.”
Tags: Economic and Financial Crimes Commission (EFCC)Ola Olukoyede
ShareTweetShare
Previous Post

Forex Crisis: Importers Dump Nigerian Ports For Cotonou, Togo

Next Post

Rising Food Prices: Protests Against Tinubu’s Government Reach Kogi  

ANOTHER GOOD READ

Land Transport Policy Will Ensure Road Safety
Business

Land Transport Policy Will Ensure Road Safety

6 hours ago
FCT Minister Flags Off Karu Water Project, Vows Completion By June 2026
Business

FCT Minister Flags Off Karu Water Project, Vows Completion By June 2026

6 hours ago
Federal Gov’t Destroys 250 Containers Of Fake, Expired Drugs Nationwide
Business

Customs Seizes N905m Rolls Royce, Other Contrabands In Ogun

6 hours ago
CBN Cautions Public On Impersonation , Fraud Risks
Business

Nigeria’s FX Reserves Hit $41bn, Highest In Since 2021

6 hours ago
Federal, State Collaboration Vital For National Dev’t Says Walson-Jack
Business

Federal, State Collaboration Vital For National Dev’t Says Walson-Jack

7 hours ago
US Says Nigeria’s N70,000 Minimum Wage Below Poverty Income Level
Business

US Says Nigeria’s N70,000 Minimum Wage Below Poverty Income Level

7 hours ago
Next Post
Rising Food Prices: Protests Against Tinubu’s Government Reach Kogi  

Rising Food Prices: Protests Against Tinubu's Government Reach Kogi  

Most Recent

Land Transport Policy Will Ensure Road Safety

Land Transport Policy Will Ensure Road Safety

August 21, 2025
FCT Minister Flags Off Karu Water Project, Vows Completion By June 2026

FCT Minister Flags Off Karu Water Project, Vows Completion By June 2026

August 21, 2025
WIMBIZ, CBN Advocate Strategic Policies To Advance Women In Leadership

WIMBIZ, CBN Advocate Strategic Policies To Advance Women In Leadership

August 21, 2025
Federal Gov’t Destroys 250 Containers Of Fake, Expired Drugs Nationwide

Customs Seizes N905m Rolls Royce, Other Contrabands In Ogun

August 21, 2025
Court Sentences 8 To 10-yr Jail Terms For Stealing Airport Cables In Adamawa

Court Stops Police From Arresting OAP Nedu Wazobia Over Alleged Breach Of Contract

August 21, 2025
Ethiopian Airlines Expands Abuja Operations

Ethiopian Airlines Expands Abuja Operations

August 21, 2025
CBN Cautions Public On Impersonation , Fraud Risks

Nigeria’s FX Reserves Hit $41bn, Highest In Since 2021

August 21, 2025
Only 2 States Generated Enough Revenue To Cover Expenses–BudgIT

‘Resign, Join Private Sector If You Want Higher Salaries’, Activist Tells Political Office-holders

August 21, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy