EFCC Chairman Ola Olukoyede, in the latest edition of the commission’s monthly e-magazine, released on Monday, threatened to jail anyone found dollarising the economy.
The EFCC boss cautioned that anyone caught collecting dollar for services or goods would be treated as a criminal in accordance with relevant Nigerian laws.
He vowed that the commission would go after schools, supermarkets, hotels, estate developers and business operators that used the dollar for transaction instead of naira.
“We have also started securing convictions. 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 effected some arrests,” he said.
He vowed that the commission would go after schools, supermarkets, hotels, estate developers and business operators that used the dollar for transaction instead of naira.
“We have also started securing convictions. 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 effected some arrests,” he said.
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Please come to Ikoyi Lagos and arrest all this Properties owners😎😎😎
ReplyDeleteSome schools pay in dollars.
DeleteNice one. Nigerians are so wicked!!
ReplyDeleteGood move
ReplyDeletePlease ensure that is enforced. Never seen a country that don't like their own 🙄🙄🙄
ReplyDeleteTell those Instagram people thieves
ReplyDeleteNigeria is gradually moving forward.
ReplyDeleteWill they listen?
ReplyDeleteWay to go
ReplyDeleteGreat. Politicians should be warned too.
ReplyDeleteBut will they hear? Those schools on the island especially.
ReplyDeleteGood one especially Instagram vendors greedy people everywhere
ReplyDeleteGood move!! Pls EFCC enforce this. Nobody should dollarize our economy. Enough is enough!!!
ReplyDeleteNigerians are wicked someone will open school in Abuja or Lagos and will ask parents to pay school fees in dollars is thay not madness??? Is Nigeria US?
ReplyDeleteNice one 👍
ReplyDeleteVery good move if followed through
ReplyDeleteVery good move if followed through
ReplyDeleteGood one. Say no to dollarization of the economy.
ReplyDeleteThey should make it illegal to transact in any other currency than the Naira anywhere within Nigeria. Exchange of currency should only be allowed at the banks and designated BDC.
ReplyDelete