
The Economic and Financial Crimes Commission, EFCC, said it has set up a Special Task Force in all its Zonal Commands to tackle the ‘dollarization’ of the economy.
It added that it has invited proprietors of private universities and other institutions of higher learning in Nigeria charging fees in dollars.
A statement by EFCC spokesperson, Dele Oyewale, on Wednesday said the task force would ensure the enforcement of extant laws against currency mutilation and dollarization of the economy.
The statement noted that the chairman of the commission, Ola Olukoyede, who inaugurated the task force in Abuja, said it was aimed at protecting the economy from abuses, leakages and distortions.
The statement noted that the Commission had already arrested some persons who engaged in issuing invoices in dollars and in mutilation of the Naira in Lagos and Port Harcourt.
“Already 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,” the statement added.

WhatsApp Community
SUBSCRIBE TO OUR NEWSLETTER NOW
Support MATAZ ARISING’ journalism of integrity and credibility.
Good journalism ensure the possibility of a good society, an accountable democracy, and a transparent government.
We ask you to consider making a modest support to this noble endeavour.
TEXT AD: To advertise here – Email ad@matazarising.com
-
Afrophobia: Should Nigeria ask South African companies to leave?

MaTaZ ArIsInGDallas, Texas Monday Lines 2 Afrophobia: Should Nigeria ask South African companies to leave? By Lasisi Olagunju (Published in the Nigerian Tribune on Monday, 6 July, 2026). Jacob Zuma was President of South Africa when he declared on October 21, 2013 that South Africa should not “think like Africans in Africa, generally.” The remark,…
-
Why I did not take Brazil’s penalty against Norway – Vinicius
MaTaZ ArIsInGDallas, Texas Brazil’s hopes of ending their long wait for World Cup glory came to a painful end after a 2-1 defeat to Norway in the Round of 16, with Erling Haaland scoring twice to eliminate the five-time champions. The aftermath of the defeat was dominated by questions over why Vinicius Júnior did not…
-
Blatter questions ‘political power’ after Trump’s FIFA phone call
MaTaZ ArIsInGDallas, Texas Disgraced former FIFA president Sepp Blatter said on Monday he questioned the football governing body’s decision to suspend US striker Folarin Balogun’s red card ban. Sources told AFP US President Donald Trump had called FIFA’s current chief Gianni Infantino to ask FIFA to review Balogun’s automatic one-game suspension. The 25-year-old is now…

