The Economic and Financial Crimes Commission (EFCC) chairman, Abdulrasheed Bawa, has patted himself on the back, claiming he helped to improve the value of the naira against the dollar.
“One achievement which most of you may not easily recognise is the impact which EFCC’s intervention in the forex market has had on the value of the naira,” Mr Bawa said at a workshop organised for journalists held at the anti-graft commission’s headquarters in Abuja, on Wednesday.
On July 29, Peoples Gazette reported how the EFCC raided Abuja bureau de change operators, claiming it was a bid to save the naira, which traded for N710 against the dollar in the black market then.
“From well over N710 to the dollar, following the commission’s intervention, the naira has appreciated significantly against the dollar in the parallel market,” Mr Bawa claimed. “And we are not relenting in our efforts to check harmful speculative activities in the sector.”
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