Ola Olukoyede
HighlightTrending Story

EFCC sets up task force to combat dollarization of economy, mutilation of naira

According to the statement, significant progress has already been made, with the Commission successfully apprehending individuals involved in issuing invoices in dollars and mutilating the Naira in Lagos and Port Harcourt.

652

The Economic and Financial Crimes Commission (EFCC) has announced the setting up of a special task force in zonal commands to address currency mutilation and dollarization of the economy.

The anti-graft agency disclosed this in a statement released via its official X handle on Wednesday.

The Task Force, under the chairmanship of the Commission’s Executive Chairman, Mr. Ola Olukoyede, seeks to protect the economy from abuses, leaks, and distortions that might cause instability and disruption.

According to the statement, significant progress has already been made, with the Commission successfully apprehending individuals involved in issuing invoices in dollars and mutilating the Naira in Lagos and Port Harcourt.

The 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 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.”

Persecondnews recalls that a Federal High Court in Lagos recently sentenced an actress, Miss Oluwadarasimi Omoseyin, to six months imprisonment for abusing new naira notes at a social event.

The EFCC had arraigned her on February 13, 2023, after she was arrested by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) on February 1, 2023.

Omoseyin, who pleaded guilty to two counts of tampering with the currency issued by the Central Bank of Nigeria (CBN), was given the option of paying a fine of N300,000.

According to the EFCC, Omoseyin sprayed and stepped on the new naira notes worth N100,000 while dancing at a friend’s wedding at Monarch Event Centre, Lekki, Lagos, on January 28, 2023.

The anti-graft agency said the offence contravened Section 21(1) of the CBN Act, 2007, which prohibits the abuse of naira notes and coins.

Leave a comment

Related Articles

Jose Peseiro trolled online for playing injured Ola Aina in AFCON final

Super Eagles coach Jose Peseiro got brutally trolled online for playing Ola...

AFCON: Nigeria’s performance was built on collective efforts – FG

The Minister of Sports Development, Sen. John Owan Enoh, has attributed Nigeria’s...

Only 5% of Nigerians have above N500,000 in their bank accounts – FG

The Finance Minister and Coordinating Minister of the Economy, Mr. Wale Edun,...

Deceased Ondo Gov. Akeredolu interred in Owo amid pomp as Pres. Tinubu extols him

Ondo State Governor, Mr Oluwarotimi Odunayo Akeredolu, who died in office in...

Ex-NBA President, Olumide Akpata, emerges Edo LP guber candidate

Former President of the Nigerian Bar Association and Edo State governorship aspirant,...

Father drowns, rescuing his underage son, who falls into well

In a last-minute effort to save his son, who mistakenly fell into...

Tinubu names Gbenga Alade as AMCON MD/CEO

President Bola Tinubu has appointed a new management team for the Asset...

Port Harcourt refinery to start producing 2.2m litres of diesel, petrol daily soon – FG

The Federal Government has announced that the Port-Harcourt Refinery is gearing up...

ECOWAS faces most difficult challenges since its formation – Ejime

A public affairs analyst, Mr. Paul Ejime, has lamented that the Economic...

Economic hardship: Lagos Govt. employees except teachers to work three days a week – Sanwo-Olu

Civil servants from grade levels 1 to 14 will start working three...

Tinted glass permit: Police to train enforcement officers, ICT analysts on issuance

In a bid to improve national security and curb criminal activities facilitated...

Senate Confirms Cardoso, Yuguda, 10 Others As Chair, MPC Members

The Senate has confirmed the appointments of the governor of the Central...

Breaking: Nigeria’s GDP grew by 3.46% in Q4 2023 – NBS

The National Bureau of Statistics (NBS) has announced growth in Nigeria’s gross...

FG stops exportation of cooking gas to crash price

The Federal Government, in its bid to crash the price of cooking...

Ex-Brazilian star Dani Alves jailed four years for rape

Ex-Brazilian star Dani Alves has been sentenced to four and a half...

Economic hardship: Nigerian military warns against calls for coup

The Nigerian military authorities have issued a stern warning to those calling...

Just in: After 26-month self-exile, Yoruba nation activist, Sunday Igboho returns to Nigeria

Chief Sunday Adeyemo, also referred to as Sunday Igboho, a foremost Yoruba...

Just in: 86 people murdered daily in South Africa — Police Minister

At least 86 people are killed daily in South Africa, according to...

Appointment: Kemi Nandap is the new Comptroller-General of Nigeria Immigration Service

The Nigeria Immigration Service (NIS) has a new Comptroller-General. She is Deputy...

Just in: Labour Party’s National Chairman, Abure, Arrested

The National Chairman of the Labour Party (LP), Mr Julius Abure, has...