Dollarisation: EFCC raises 14 task forces, arrests racketeers 

As part of measures to checkmate dollar speculators, hoarders and racketeers, the Economic and Financial Crimes Commission (EFCC) has raised 14 Special Task Forces nationwide to fish out the culprits.

Each task force will operate from the EFCC’s 14 zonal commands.

The anti-graft agency also arrested many dollar racketeers in Lagos, Port Harcourt and Kaduna.

Some proprietors of universities and institutions charging fees in dollars have been invited for questioning.

A statement by the Head of Media and Publicity of the EFCC, Mr. Dele Oyewale, said the Special Task Forces will ensure “the enforcement of extant laws against currency mutilation and dollarisation of the economy.

“The Task Force, inaugurated by the executive chairman of the commission, Ola Olukoyede, was raised to protect the economy from abuses, leakages and distortions exposing it to instability and disruption.

Although the EFCC was silent on the total number of those arrested, it said some suspects have been undergoing interrogation.

The statement added: “Already, the commission has arrested some perpetrators of issuance of invoices in dollars and mutilation of the Naira in Lagos and Port Harcourt.”