Economic and Financial Crimes Commission, says foreign missions in Nigeria violating dollar transaction regulations.

The Economic and Financial Crimes Commission, EFCC said the foreign missions in Nigeria are violating the dollar transaction regulations.

The Director of Public Affairs of the commission, Wilson Uwujaren stated this in an interview on Channel Television.

According to Uwajaren, some third-party agents working for foreign missions to circumvent transaction regulation by invoicing in dollars.

Recall that the EFCC read the riot act to foreign missions based in Nigeria, banning them from transacting in foreign currencies, and mandating the use of the naira in their financial businesses.

Uwujaren said that naira is the only legal tender in Nigeria, saying the commission had informed Foreign Affairs Ministry on the development