EFCC Set Up Special Task Force, Declare War Against Dollarization of Economy, Mutilation of Currency

The Economic and Financial Crimes Commission (EFCC) has declared war against currency mutilation and dollarization of the economy.

Making the step a top priority, the nation’s anti-graft agency announced on Wednesday that to ensure effective implementation, the Commission has established a Special Task Force in all its Zonal Commands.

Under the leadership of the Executive Chairman, Ola Olukoyede, the Task Force has been tasked with safeguarding the economy from various forms of abuse, leakages, and distortions. By doing so, it aims to maintain stability and prevent any disruptions that may arise.

The EFCC said that in recent developments, its operatives acted smartly by apprehending individuals involved in the issuance of invoices in dollars and the mutilation of the Naira.

These arrests, the commission said, happened in both Lagos and Port Harcourt, demonstrating the Commission’s commitment to combating these illegal activities.

The EFCC statement reads: “The Economic and Financial Crimes Commission, EFCC, has raised a Special Task Force in all its Zonal Commands for the enforcement of extant laws against currency mutilation and dollarization of the economy.

“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.

“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.

“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.”