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Home Arms Of Govt.

Naira Fall: Anyone Caught Hoarding Dollars will be Arrested, EFCC warns

Isioma Ogochukwu by Isioma Ogochukwu
August 6, 2022
in Arms Of Govt., Highlights, News, Security, Top News
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Naira Fall: Anyone Caught Hoarding Dollars will be Arrested, EFCC warns

The Economic and Financial Crimes Commission (EFCC) has warned Nigerians against stockpiling and hoarding foreign currencies, especially the United States dollars, stating

The chairman of the anti-graft agency, Abdulrasheed Bawa, disclosed this while speaking with representatives of Bureau De Change operators in Abuja on Friday, stating that anyone caught with face serious charges.

“The Commission has intelligence linking some persons and organisations to hoarding foreign currencies, especially the United States dollars, in key commercial cities of Kano, Lagos, Port Harcourt, Enugu and Calabar.

“We warn those involved to desist or risk arrest as a major offensive against the speculators is underway,” Bawa said.

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Tags: DollarEFCCNaira Fall
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Isioma Ogochukwu

Isioma Ogochukwu

Ogochukwu Isioma is a Bachelor of Arts degree holder in Linguistics Studies from the University of Benin, and a Master's student in International Affairs and Diplomacy at the Amadu Bello University, Zaria. With over half a decade-long active journalism practice, Ogochukwu is the Founder and Publisher of popular education-focused online medium, CAMPUS GIST, and currently writes for METROWATCH. He can be reached via ogochukwuisioma@gmail.com.

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