50 Individuals Convicted in EFCC’s Battle Against Currency Racketeering
The Economic and Financial Crimes Commission (EFCC) recently secured convictions against 50 individuals involved in currency racketeering and illegal dollar trading, known as “dollarisation.”
The crackdown targeted offenders in cities like Lagos, Kano, and Abuja, aiming to stabilize Nigeria’s currency by controlling black market trading.
These convictions reflect the EFCC’s ongoing efforts to combat illegal financial practices impacting the naira’s value and market stability.