EFCC orders task force to tackle illegal forex trading, naira abuse

The Economic and Financial Crimes Commission has founded a special task force to tackle illegal forex trading and naira abuse.

The commission is combating illegal forex trading against the backdrop of the continued depreciation of the naira against the US dollar.

According to data from the financial market infrastructure group warehousing, also known as FMDQ, the naira depreciated to N1,537.96 per US dollar on Friday from N1,498.25 on Thursday.

Recall that the EFCC had arrested several suspects in the past in connection with illegal forex trading and abuse of the naira notes in public functions.

Reiterating its effort to combat the crimes, the EFCC in a notice posted on its Facebook page on Saturday, enjoined the public to report people engaging in illegal forex trading and naira mutilation.

“If you have information on the misuse of the Naira and illegal trading in FOREX, call the EFCC’s Taskforce on any of these toll-free numbers: 09135003322 and 0912887608.”



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