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EFCC to move against schools charging dollars

Written by on May 3, 2024

As part of measures to reduce the pressure on the naira, the Economic and Financial Crimes Commission has placed international schools charging tuition in dollars and other foreign currencies under surveillance .

The Head, Media and Publicity, EFCC, Dele Oyewale, confirmed the development as he said the agency would clamp down on schools and other organisations charging foreign currencies.

He reiterated that it was illegal for schools, hotels and firms operating in the country to charge for services in foreign currencies while he stressed that the 7,000-man special task force on dollar racketeers operating across the EFCC zonal commands was monitoring the schools and other organisations.


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