dollars
EFCC Chairman, Ola Olukoyede, said this in the agency’s publication called “EFCC Alert” on Monday, adding that action would be taken against individuals involved in the dollarisation of the economy.
According to him, the exception is if foreigners come in to transact business and the only means of transacting is their credit card and dollar but to charge local customers in dollars or other foreign currencies would no longer be allowed.
READ ALSO:
He said charging local activities and customers in dollars is against Nigeria’s constitution.
The EFCC chairman said, “Schools that charge Nigerians in dollar, supermarkets that trade in dollar, estate developers that sell their property in dollars, hotels that are invoicing in dollars, 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 the dollar as the medium of exchange, it is illegal.
“Our law does not allow for that. And we have also affected some arrests.”
Canada denies 13,000 Nigerians refugee status Over 13,000 Nigerians who applied for refugee protection in Canada…
Lagos Govt to redesign Oshodi motor park for rail integration The Lagos State Government has announced…
Nurse punished in UK for addressing convicted transgender paedophile as ‘Mr’ A senior nurse in the UK…
Ex-LG chair challenges El-Rufai’s claims on council funds Former Secretary of the Association of Local Governments…
Some ladies in movie industry ready to sleep their way to fame — Jide Kosoko Veteran Nollywood actor…
Gunmen abduct Catholic priest in Anambra A Catholic priest, Rev. Fr. Stephen Echezona of St. Patrick…
