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EFCC bans embassies from charging visa and other services in dollar


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“It states that “the foreign money notes issued by the Financial institution shall be the authorized tender in Nigeria on their face worth for the fee of any quantity”. 

“This presupposes that any transaction in currencies aside from the naira wherever in Nigeria contravenes the regulation and is due to this fact, unlawful.”

The fee added: “The refusal by some Missions to just accept the Naira for consular service in Nigeria and in addition adjust to international change regulatory regime in fixing the change of the price of their providers isn’t solely unlawful, however represents an affront on the nation’s sovereignty symbolized by the nationwide foreign money. It undermines Nigeria’s financial coverage and aspiration for sustainable financial improvement. 

“This development can now not be tolerated, particularly in a unstable financial surroundings the place the nation’s macroeconomic insurance policies are consistently underneath assault by all method of state and non-state actors. 

“In mild of the above, you might want to convey the fee’s displeasure to all Missions in Nigeria and restate Nigeria’s need for his or her operations to not battle with extant legal guidelines and rules within the nation.

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