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EFCC Implements Ban On Dollar Transactions In Nigeria, Urges Embassies To Adopt Naira

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EFCC Implements Ban On Dollar Transactions In Nigeria, Urges Embassies To Adopt NairaThe Economic and Financial Crimes Commission (EFCC) has issued a stern warning to foreign missions operating in Nigeria, prohibiting them from engaging in transactions using foreign currencies and mandating the use of the Naira for their financial activities.....KINDLY READ THE FULL STORY HERE▶

Additionally, the EFCC has directed Nigerian foreign missions abroad to exclusively transact in Naira for their financial operations. This decision comes as a response to combat the dollarization of the Nigerian economy and the devaluation of the Naira.

In an advisory titled “EFCC Advisory to Foreign Missions against Invoicing in US Dollar,” sent to the Minister of Foreign Affairs, Ambassador Yusuf Tuggar, the anti-graft commission expressed its concerns and dissatisfaction with the practice of certain foreign missions invoicing consular services to Nigerians and other foreign nationals in the country using the United States dollar.

In a letter dated April 5, 2024, addressed to the Minister of Foreign Affairs, the Chairman of the EFCC, Ola Olukoyede, expressed disappointment regarding the invoicing of consular services in Nigeria in dollars by foreign missions. The EFCC cited Section 20(1) of the Central Bank of Nigeria Act, 2007, which designates the currencies issued by the central bank as the only legal tender in Nigeria.

The letter stated, “I present to you the compliments of the Economic and Financial Crimes Commission, and wish to notify you about the commission’s observation, with dismay, regarding the unhealthy practice by some foreign missions to invoice consular services to Nigerians and other foreign nationals in the country in United States dollar ($).”

“This practice is an aberration and unlawful as it conflicts with extant laws and financial regulations in Nigeria. Section 20(1) of the Central Bank of Nigeria Act, 2007 makes currencies issued by the apex bank the only legal tender in Nigeria.”

“In light of the above, you may wish to convey the commission’s displeasure to all missions in Nigeria and restate Nigeria’s desire for their operations not to conflict with extant laws and regulations in the country.”

Additionally, the EFCC has announced its intention to crack down on schools, hotels, supermarkets, and other businesses in Nigeria that charge customers in dollars and other foreign currencies. The anti-graft agency emphasized that such practices are illegal and put pressure on the Naira. As part of its efforts, the EFCC has established a task force comprising 7,000 individuals to tackle dollar fraud and other illegal foreign exchange transactions in the country. The EFCC aims to ensure compliance with the use of the Naira as the sole legal tender for transactions in Nigeria, emphasizing its importance as the symbol of the nation’s economy.

Published by Caleb Alfred

Crime

BUS STOP BANDITS: Notorious Couple Who Drugged And Robbed Passengers Finally Caged by Police!.

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  • The Stupefying Heist: On September 18, 2026, a passenger on a Dreamline bus from Nairobi to Mombasa was allegedly drugged into unconsciousness by the person seated next to him, waking up later in Tudor Sub-County Hospital without his belongings[cite: 43, 44, 45].....KINDLY READ THE FULL STORY HERE▶

    • Forensic Breakthrough: Detectives from Makupa Police Station immediately launched an investigation, following forensic leads that led them to a residence in Magongo[cite: 46].

    • The Magongo Bust: In a raid on the home, police arrested a married couple, Pius Paskale Frugenze (52) and Redempta Revelian Kuleta (47), both Tanzanian nationals[cite: 47].

    • The Evidence Trove: A search of the suspects’ house yielded the victim’s stolen HP laptop and iPhone 17 Pro Max, along with a massive cache of suspected stolen goods, including multiple phones, chargers, watches, wallets, and clothing[cite: 48, 49].

    • Drugging Materials Found: Crucially, detectives also recovered substances suspected to be the stupefying drugs used in the robbery[cite: 49].

    • Suspects Caged: The couple is currently in police custody awaiting arraignment, while all recovered items have been detained as exhibits[cite: 50].

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“SHE CAME TO ME IN A DREAM”: Shocking Confession As Woman Ends Co-Wife’s Life Over Dream Dispute!.

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  • Shocking Confession: Bauchi housewife Hauwau Haruna, 35, has confessed to the murder of her co-wife, Jamila Adamu, whom she had lived with for 16 years[cite: 36, 37].....KINDLY READ THE FULL STORY HERE▶

    • Fatal Delusion: Hauwau told police she bludgeoned Jamila to death with a pestle on Sunday, September 27, 2026, claiming the victim had been appearing in her dreams attempting to kill her and her children[cite: 36, 38, 39].

    • Metamorphosis Claim: The assailant alleged that Jamila appeared to her in a dream as a “cat” on Sunday. After striking the dream-cat with a food flask, it reportedly transformed into her co-wife standing outside, at which point Hauwau grabbed the pestle and attacked her until she died[cite: 38, 39].

    • Attempted Escape: Following the killing, Hauwau fled the scene with her newborn twins, intending to drop them with her mother before turning herself in at a police station. She was apprehended before she could surrender[cite: 36, 40, 41].

    • Dismissed Warnings: Hauwau stated she previously reported the disturbing dreams to her husband, Alhaji Abdullahi Ibrahim, but he dismissed her concerns. All attempts to reach him for comment have been unsuccessful[cite: 36, 42].

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“SHE DIED IN HIS ARMS!” – ENUGU MAN ARRESTED IN SHOCKING ALLEGED MURDER OF HIS GIRLFRIEND.

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The Enugu State Police Command has arrested 30-year-old Okpara Emmanuel in connection with the alleged murder of his girlfriend, Chinyere.....KINDLY READ THE FULL STORY HERE▶

The suspect, a resident of Olympic Layout, One-Day, Enugu, was apprehended by operatives from the Awkunanaw Police Division after being rescued from an angry mob.

Key details of the tragic incident include:

  • Discovery of the Crime: According to police spokesperson SP Daniel Ndukwe, Emmanuel allegedly killed Chinyere on September 19 following an argument. He then wrapped her body in nylon and concealed it inside his apartment’s toilet.

  • Neighbours’ Intervention: The decomposing body’s foul odour eventually alerted neighbours, who forced their way into the apartment and detained the suspect before authorities arrived.

  • Suspect’s Confession: During preliminary interrogations, Emmanuel reportedly confessed that the fatal dispute stemmed from an argument over who infected each other with HIV, during which he allegedly struck her on the head with a pestle.

  • Next Steps: The victim’s remains have been moved to a mortuary for an autopsy and preservation, while the State Criminal Investigation Department—under the directive of Commissioner of Police Mamman Bitrus Giwa—has launched a full investigation for prosecution.

  • Police Advice: Authorities have urged members of the public, especially young women, to exercise caution and always inform trusted friends or family of their whereabouts when visiting others.

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