• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
Monday, August 8, 2022
Leadership News
Read in Hausa
  • Home
  • NewsLatest
    • World News
    • ASUU News
  • Politics
  • Business
  • Sports
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
  • Columns
  • Others
    • How-to
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Podcast
No Result
View All Result
  • Home
  • NewsLatest
    • World News
    • ASUU News
  • Politics
  • Business
  • Sports
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
  • Columns
  • Others
    • How-to
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Podcast
No Result
View All Result
Leadership News
No Result
View All Result
Home News

EFCC To Clamp Down On Forex Hoarders In Major Cities

by Ejike Ejike
2 days ago
in News
0
efcc
Share on WhatsAppShare on FacebookShare on TwitterTelegram

The Economic and Financial Crimes Commission (EFCC) is set to clampdown on forex hoarders in major cities across the country.

This was the outcome of the meeting between the chairman of the EFCC, Abdulrasheed Bawa and representatives of Bureau de Change Operators in Abuja.

At the meeting, Bawa said he told them to fashion out a collaborative stakeholders response to brazen foreign exchange speculation especially at the parallel market which is hurting the country’s monetary policy by instigating a run on the value of the naira.

EFCC spokesman, Wilson Uwujaren, said the operators who thanked the EFCC for the invitation, expressed optimism that the naira’s rebound, which began after the EFCC’s intervention a few days ago,  may eventually see the currency return to its pre-speculation value.

Uwujaren also said similar meetings are planned for other Bureau de Change operators in the major commercial cities across Nigeria as well as with key players, regulators and operators of the Nigerian financial sector.

Bawa who also disclosed that the commission has intelligence linking some persons and organizations to the hoarding of foreign currencies especially the United States Dollars in the key commercial cities of Kano, Lagos, Port Harcourt, Enugu and Calabar, however warned those involved to desist or risk arrest as a major offensive  against the speculators is under way.

RELATED

JUST-IN: Christy O, Cyph Evicted From BBNaija 7 House 

JUST-IN: Christy O, Cyph Evicted From BBNaija 7 House 

6 hours ago
BBNaija 7: Again, 2 New Housemates Introduced 2 Weeks After

BBNaija 7: Again, 2 New Housemates Introduced 2 Weeks After

6 hours ago

7 Incredible Health Benefits Of Strawberries And Why You Should Eat More... Click Here For Details

Tags: efccForex Rates
SendShareTweetShare
Previous Post

Gunmen Kidnap 3 Children In Kogi, Demand N100m Ransom

Next Post

Sports Minister, Commiserates With SWAN Over Mike Oboh’s Demise

ANOTHER GOOD READ

JUST-IN: Christy O, Cyph Evicted From BBNaija 7 House 
Entertainment

JUST-IN: Christy O, Cyph Evicted From BBNaija 7 House 

6 hours ago
BBNaija 7: Again, 2 New Housemates Introduced 2 Weeks After
Entertainment

BBNaija 7: Again, 2 New Housemates Introduced 2 Weeks After

6 hours ago
New N/Delta Minister Promises To Make Impact
News

NDDC Serving ‘Special Interests’ In Abuja, Group Alleges

7 hours ago
BREAKING: Housemate Beauty Disqualified From BBNaija 7
Entertainment

BREAKING: Housemate Beauty Disqualified From BBNaija 7

7 hours ago
buhari
News

2023 Census: Buhari To Declare Open National Stakeholders Summit

9 hours ago
NDLEA Arrests ‘Pastor’ With 3 Drums Of Mkpuru Mmiri In Akwa Ibom 
News

NDLEA Arrests ‘Pastor’ With 3 Drums Of Mkpuru Mmiri In Akwa Ibom 

10 hours ago
Next Post
Sports Minister Attends Commonwealth Youth Task Force Meeting

Sports Minister, Commiserates With SWAN Over Mike Oboh’s Demise

LATEST UPDATES

JUST-IN: Ese Brume Jumps To Gold In New C’Wealth Games Record

JUST-IN: Ese Brume Jumps To Gold In New C’Wealth Games Record

August 7, 2022
Federal Govt Rewards Team Nigeria Medallists, Coaches With $25,000 In Birmingham

C’Wealth Games: Buhari Celebrates Team Nigeria As Medals Increase To 35

August 7, 2022
JUST-IN: Christy O, Cyph Evicted From BBNaija 7 House 

JUST-IN: Christy O, Cyph Evicted From BBNaija 7 House 

August 7, 2022
BBNaija 7: Again, 2 New Housemates Introduced 2 Weeks After

BBNaija 7: Again, 2 New Housemates Introduced 2 Weeks After

August 7, 2022
New N/Delta Minister Promises To Make Impact

NDDC Serving ‘Special Interests’ In Abuja, Group Alleges

August 7, 2022
BREAKING: Housemate Beauty Disqualified From BBNaija 7

BREAKING: Housemate Beauty Disqualified From BBNaija 7

August 7, 2022
Atiku, Wike Reconciliation Will Not Fail, Says Prof Gana

Atiku, Wike Reconciliation Will Not Fail, Says Prof Gana

August 7, 2022
buhari

2023 Census: Buhari To Declare Open National Stakeholders Summit

August 7, 2022

© 2022 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • World News
    • ASUU News
  • Politics
  • Business
  • Sports
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
  • Columns
  • Others
    • How-to
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Podcast

© 2022 Leadership Media Group - All Rights Reserved.