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EFCC Directs Foreign Missions And Nigerian Embassies To Cease Dollar Transactions, Mandates Naira Usage 

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EFCC Directs Foreign Missions And Nigerian Embassies To Cease Dollar Transactions, Mandates Naira Usage 
The Economic and Financial Crimes Commission (EFCC) has issued a stern warning to foreign missions in Nigeria, prohibiting them from conducting transactions in foreign currencies and mandating the use of the Naira in their financial dealings.....KINDLY READ THE FULL STORY HERE▶

The EFCC has further instructed Nigerian embassies abroad to accept Naira in their financial transactions.

This directive aims to combat the dollarization of the Nigerian economy and safeguard the integrity of the Naira.

In an advisory addressed to the Minister of Foreign Affairs, Ambassador Yusuf Tuggar, entitled “EFCC Advisory to Foreign Missions against Invoicing in US Dollar,” the anti-graft commission expressed concern and disapproval regarding the practice of some foreign missions invoicing consular services to Nigerians and other foreign nationals in the country in United States dollars (USD).

In a letter dated April 5, 2024, sent to the Ministry of Foreign Affairs, EFCC Chairman, Ola Olukoyede, expressed dismay over the invoicing of consular services in Nigeria by foreign missions in USD, citing Section 20(1) of the Central Bank of Nigeria Act, 2007, which designates currencies issued by the apex bank as the sole legal tender in Nigeria.

The commission emphasized that any transaction conducted in currencies other than the Naira within Nigeria contravenes the law and is therefore illegal.

EFCC highlighted that the refusal of some missions to accept the Naira for consular services in Nigeria and comply with the foreign exchange regulatory regime undermines Nigeria’s sovereignty represented by the national currency.

Such actions, according to EFCC, not only violate Nigeria’s monetary policy but also hinder the country’s aspiration for sustainable economic development.

The commission urged the Ministry of Foreign Affairs to convey its dissatisfaction to all missions in Nigeria and reiterate Nigeria’s expectation for their operations to align with existing laws and regulations in the country.

When approached for comments, EFCC spokesperson Dele Oyewale declined to provide further information.

Meanwhile, EFCC has resumed raids as part of efforts to stabilize the Naira. Recently, EFCC operatives arrested several Bureau De Change operators at the Wuse Zone 4 market in Abuja, following resistance during a sting operation.

These raids aim to sanitize markets from street traders and combat illicit trading practices. In recent weeks, EFCC has intensified efforts to combat currency speculation and foreign exchange fraud, arresting numerous individuals involved in such activities.

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READY FOR WAR: George Ilenikhena Fire Up And Desperate To Unleash Fury On Madagascar In Super Eagles Debut!

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Al-Ittihad striker George Ilenikhena is thrilled to receive his maiden call-up to the Nigeria senior national team ahead of the 2027 Africa Cup of Nations (AFCON) qualifiers against Madagascar and Guinea-Bissau.....KINDLY READ THE FULL STORY HERE▶

  • A Proud Milestone: Speaking at a media briefing in Uyo, the 20-year-old described his invitation as a huge honor, expressing pride in joining the squad alongside established players.

  • Positive Team Spirit: Having arrived in camp on Tuesday, Ilenikhena praised the welcoming environment, noting that the team feels like a tight-knit family.

  • Ready to Contribute: Eager to make his first appearance when Nigeria takes on Madagascar at the Godswill Akpabio International Stadium in Uyo on Friday, he promised to give his best whenever called upon by head coach Éric Chelle.

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LEGAL EARTHQUAKE: Court Drops Massive Bombshell And Orders Fresh PDP Primary In Gombe, Spellbound Trouble For Pantami!

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The Federal High Court has ordered the Peoples Democratic Party (PDP) to conduct a fresh governorship primary in Gombe State after nullifying the previous process that produced Prof. Isa Ali Pantami as the party’s candidate for the 2027 election.....KINDLY READ THE FULL STORY HERE▶

  • The Judgment: Justice Amina Aliyu Mohammed delivered the judgment on Thursday, granting the order following a legal suit filed by PDP governorship aspirant Usman Aliyu Garry.

  • The Challenge: Garry had challenged Pantami’s emergence, arguing that the mandatory primary election was not properly conducted in line with relevant rules.

  • The Court’s Order: The court directed the PDP to organize a brand-new primary election that strictly complies with the party’s guidelines and relevant electoral laws.

Background on Pantami’s Candidacy:

  • Switching Parties: Pantami initially sought to run under the All Progressives Congress (APC) as a governorship aspirant, but left the party after the APC chose Jamilu Gwamna as its consensus candidate.

  • PDP Ticket: Following his defection to the PDP, he was announced as the party’s sole governorship candidate on June 26, 2026, after securing the ticket through voice affirmation at a primary held in May.

  • Next Steps: With the nullification, the PDP must now conduct a new primary to determine its official candidate for the upcoming Gombe governorship race.

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TACTICAL REVOLUTION: Anthony Gordon Blasts England’s Playstyle And Demands Immediate Stop To Copying Spain!

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England winger Anthony Gordon believes the Three Lions can achieve success in major tournaments by leaning into their natural strengths rather than attempting to replicate Spain’s possession-based style.....KINDLY READ THE FULL STORY HERE▶

  • Moving Past World Cup Heartbreak: Reflecting on England’s third-place finish at the World Cup—which included a painful 2-1 semi-final loss to Argentina—Gordon admitted he initially felt devastated, but believes the experience can serve as a stepping stone toward future victory.

  • Rejecting the Copycat Approach: Having moved from Newcastle to Barcelona in the summer, Gordon feels uniquely positioned to compare styles, stating that England should stop trying to mimic Spanish players because English footballers possess distinct, unique qualities.

  • Not in the English DNA: Gordon argued that trying to teach or adopt Spain’s patient style of dominating possession is unrealistic because it simply does not align with English football DNA.

Reflecting on Tactics and Responsibility:

  • The Argentina Substitution: Although surprised to be substituted 17 minutes after scoring against Argentina, Gordon acknowledged that wingers frequently get replaced during games.

  • Player Accountability: Defending manager Thomas Tuchel against criticism over his tactical shift to a back five, Gordon insisted that the players must take responsibility for failing to control the game in the final minutes.

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