Some foreign embassies charge in dollars, determine own FX rates — EFCC

EFCC’s acting Director of Public Affairs, Wilson Uwujaren, disclosed this in an interview on Arise Television.

According to the report, EFCC banned foreign missions in Nigeria from transacting in foreign currencies and mandated the use of naira in their financial businesses. He said it was against the law for foreign missions based in Nigeria to transact in foreign currencies, hence, the commission’s mandate on using the naira in financial businesses.“We recognise as a commission that foreign missions are representatives of their home countries, enjoy certain diplomatic privileges by international law. The commission is not a place to want to interfere with some of the privileges that they enjoy under international law,” he said.

“What happened is that the commission over time, observed that a number of the foreign missions by the manner in which they handled consular services, a number of them have engaged third parties to carry out consular services on their behalf and those third parties have been invoicing in dollars.

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