EFCC advises foreign missions to use Nigerian currency for consular services to prevent naira crash and dollarisation.

EFCC warns foreign missions against demanding foreign currency in Nigeria. The anti-graft agency, in an advisory to the Minister of Foreign Affairs, warns against invoicing consular services in U.S. dollars, mandating the use of Nigeria's currency in financial transactions instead. This move is aimed at preventing further crash of the naira and tackling the dollarisation of the Nigerian economy.

May 11, 2024
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