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EFCC to clampdown on persons, organisations hoarding dollars

The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, vowed on Friday the commission would go after individuals and organisations hoarding dollars and other foreign currencies in the country, IgbereTV reports

Bawa, according to a statement issued by the commission’s Head of Media and Publicity, Wilson Uwujaren, stated this at a meeting with Bureaux De Change (BDC) operators in Abuja.

The meeting took place a few days after the commission’s operatives raided the BDC operators at the Wuse area of Abuja over alleged hoarding of dollars and other foreign currencies.

At the black market on Tuesday, the Naira to dollar exchange rate was N670/$1.

Similarly, at the peer-to-peer market, Naira rose to N616.66/$1 on Thursday morning from N652.5/$1 recorded on Wednesday

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