Download Mobile Phones Spy App, Monitor your kids mobile phones and know they online activities.

Falling Naira: EFCC Threatens To Arrest Greenback Hoarders

Spread the love

Chairman of the anti-graft company, Abdulrasheed Bawa, made this identified on Friday whereas assembly representatives of Bureau De Change operators within the Federal Capital Territory, Abuja.

Nigeria’s anti-graft company, the Financial and Monetary Crimes Fee has made a brand new menace.

The company threatened to arrest Nigerians hoarding {dollars} and different international foreign money.

Chairman of the anti-graft company, Abdulrasheed Bawa, made this identified on Friday whereas assembly representatives of Bureau De Change operators within the Federal Capital Territory, Abuja.

The assembly was sequel to the anti-graft company’s ongoing efforts to verify the rising circumstances of international trade speculations, which had introduced strain on the worth of the naira.

Bawa warned these concerned to desist or danger arrest as a significant offensive towards the speculators was below manner, including that the EFCC had intelligence linking some individuals and organisations to the hoarding of foreign exchange particularly the US {dollars} in business cities throughout the nation.

He mentioned, “The fee has intelligence linking some individuals and organisations to the hoarding of foreign exchange particularly the US {dollars} in key business cities of Kano, Lagos, Port Harcourt, Enugu and Calabar.

“We, nevertheless, warn these concerned to desist or danger arrest as a significant offensive towards the speculators is below manner.”

The EFCC had intervened by raiding some Foreign exchange markets in Abuja, which noticed the foreign money return to its pre-speculated worth.

READ ALSO  Nigerian Governors Prepared To Carry In Overseas Mercenaries If Buhari-led Authorities Fails To Finish Terrorism – El-Rufai

Bawa famous that the assembly was referred to as to trend out a collaborative stakeholders’ response to brazen international trade hypothesis particularly on the parallel market which was hurting the nation’s financial coverage by instigating a decline within the worth of the naira.

The anti-graft company famous that comparable conferences are deliberate for different Bureau de Change operators in different main business cities throughout the nation’s together with key gamers, regulators and operators throughout the Nigerian monetary sector.


Spread the love

Leave a Reply

Your email address will not be published.