Report: Nigerian Anti-Graft Body Identifies Individuals Fueling the Naira’s R...

Report: Nigerian Anti-Graft Body Identifies Individuals Fueling the Naira’s R...

Nigeria’s Economic and Financial Crimes Commission (EFCC) recently claimed it had identified individuals and organizations whose rapid accumulation of U.S. dollars recently accelerated the depreciation of the local currency, a report said. According to Abdulrasheed Bawa, the EFCC chairman, his organization is currently going after foreign currency speculators in Kano, Lagos, Port Harcourt, Enugu, and Calabar. EFCC’s Ongoing Offensive Against Forex Speculators According to the chairman of Nigeria’s EFCC, Abdulrasheed Bawa, the anti-graft body has now....


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