EFCC Vows to Clampdown on Illegal Dollar Transactions in Nigeria

The Economic and Financial Crimes Commission (EFCC) has intensified its efforts against illegal dollar transactions within the country.
Acting Director of Public Affairs for the EFCC, Wilson Uwujaren, made this announcement while speaking on Channels Television’s program, Politics Today.
Uwujaren emphasized the agency’s unwavering commitment to enforcing the law strictly. He stated, “The ship has already left the train station.
We have started a movement, and we are not going to relent.”
This declaration underscores the EFCC’s determination to address the issue of illegal dollar transactions, which has been a cause of concern for the Nigerian economy.
The Acting Director also urged the public to cooperate with the EFCC by reporting any suspicious activity.
He said, “The advice I will have for Nigerians is that wherever you see this kind of development happening, the onus is on you to alert the EFCC.
We can’t be everywhere but I can assure you that once we have the evidence that people are violating the law, the EFCC under the leadership of Ola Olukoyede will not spare anybody.”
This renewed crackdown on dollar transactions is part of a broader initiative to stabilize the Nigerian economy and ensure compliance with financial regulations.
Uwujaren’s statement, “The movement has started and we would not rest,” signals a robust approach to tackling economic crimes and maintaining the integrity of the nation’s financial system.
As the EFCC continues its efforts to combat illegal dollar transactions, it is essential for businesses and individuals to be aware of the legal implications of their actions and to comply with the regulations set forth by the Nigerian government.
This will not only ensure the stability of the Nigerian economy but also foster an environment of trust and transparency in the country’s financial system.
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