EFCC warns hotels, schools, others against Dollar payments in Nigeria, threatens legal action

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EFCC warns hotels, schools, others against Dollar payments in Nigeria, threatens legal action
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The Economic and Financial Crimes Commission has issued a stern warning to establishments in Nigeria, including schools, supermarkets, hotels, and others, against demanding payment in dollars from their local customers.

Olukoyede emphasized that any institution found engaging in charging Nigerians in dollars or foreign currencies within the country would face legal consequences. According to Olukoyede, schools, supermarkets, estate developers, and hotels are targeted for investigation and possible prosecution if found guilty of dollarization.

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