EFCC Issues Warning to Schools and Malls Against Dollar Charging Practices

Title: “EFCC Issues Warning Against Dollar Payments: Schools, Supermarkets, and More Targeted”The Economic and Financial Crimes Commission (EFCC) has issued a stern caution to supermarkets, schools, and various establishments across Nigeria, advising against the practice of charging for services in dollars or any foreign currency. Ola Olukoyede, the chairman of EFCC, conveyed this warning in the latest edition of the commission’s monthly e-magazine, EFCC Alert, published on Monday.Olukoyede emphasized that the dollarization of the economy would be treated as a criminal offense under Nigerian laws, with potential prosecution awaiting offenders. He specifically pinpointed schools, supermarkets, estate developers, and hotels as entities subject to scrutiny and potential legal action.