The Economic and Financial Crimes Commission ( EFCC) has declared that hotels, schools, and other establishments that accepts dollar payments from their customers are at the risk of facing arrest.
The EFCC chairman, Ola Olukoyede, stated this in the agency’s publication called EFCC Alert on Monday, he added that action would be taken against anyone involved in the dollarisation of the economy.
As claimed by the chairman, the exception is if foreigners comes in to transact business and the only means of transacting is their credit card and dollar but charging in dollars or other foreign currencies would no longer be allowed.
The EFCC chairman said, “Schools that charge Nigerians in dollar, supermarkets that trade in dollar, estate developers that sell their property in dollar, hotels that are invoicing in dollar, we are coming after you and we have made arrests in that area.
“Yes, if foreigners are coming in and the only means of transacting is their credit card, and dollar, why not? You will get that.
“But document it properly as against selling things within the system, local economy and you will be using dollar as the medium of exchange, it is illegal.
“Our law does not allow for that. And we have also affected some arrests.”
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