Nigeria's EFCC warns businesses to stop charging in foreign currencies, citing criminal offenses under Nigerian law.
Nigeria's EFCC has warned businesses including schools, supermarkets, hotels, and restaurants to stop charging customers in foreign currencies like dollars. EFCC Chairman Ola Olukoyede stated that anyone violating this directive will face prosecution as such actions are considered criminal offenses under Nigerian law. This action supports the Central Bank of Nigeria's efforts to ensure currency traders are properly licensed, regulated, and documented.
April 08, 2024
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