EFCC’s Vigilance: Unveiling a Special Task Force Against Currency Crimes

In a strategic move to combat currency mutilation and the dollarization of the economy, the Economic and Financial Crimes Commission (EFCC) has launched a dedicated Special Task Force across its Zonal Commands. The announcement was made by EFCC’s Spokesperson, Dele Oyewale, in a statement released on Wednesday in Abuja.

The newly inaugurated Task Force, led by Commission Chairman Mr. Ola Olukoyede, aims to safeguard the economy from potential abuse, leakages, and distortions that could lead to instability and disruptions. Oyewale emphasized the commitment of the Commission to uphold laws in place for the reflation and stimulation of the economy.

Highlighting recent actions, Oyewale revealed that the EFCC has already made arrests related to the issuance of invoices in dollars and the mutilation of the Naira in Lagos and Port Harcourt. Furthermore, proprietors of private universities and other higher learning institutions charging fees in dollars have been summoned by the Commission for scrutiny.

This proactive stance by the EFCC underscores its dedication to ensuring the enforcement of regulations, reinforcing the integrity of the nation’s currency, and fostering a stable economic environment. The unveiling of this Special Task Force sends a clear message that the EFCC is actively combating financial crimes that threaten the economic well-being of the nation.

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