The Economic and Financial Crimes Commission has stopped dollar transations at foreign embassies in Nigeria.
A source in the EFCC confirmed the development to Channels Television. According to the source, the commission sent an advisory to the Ministry of Foreign Affairs, stating that all transactions at foreign missions should be conducted in Naira. EFCC Chairman, Ola Olukoyede, made the call on Tuesday, May 7, 2024, through the Acting Zonal Director of the Ibadan Zonal Command of the EFCC, ACE I Hauwa Garba Ringim, during a stakeholders’ meeting with Compliance Officers of Banks in Oyo State.
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