EFCC To Arrest Hotels, Schools And Supermarkets Owners Charging In Dollars

The Economic and Financial Crimes Commission (EFCC) has warned hotels, schools, and supermarkets, amongst others against charging for services in Nigeria in dollars or any other foreign currency.

EFCC Chairman Ola Olukoyede disclosed this in the latest edition of the commission’s monthly e-magazine, released on Monday.

The EFCC boss cautioned that anyone caught collecting dollars for services or goods would be treated as a criminal in accordance with relevant Nigerian laws.

 

EFCC To Arrest Hotels, Schools And Supermarkets Owners Charging In Dollars

 

“We have also started securing convictions. Schools that charge Nigerians in dollars, supermarkets that trade in dollars, 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 effected some arrests,” Olukoyede explained.