My achievement as EFCC chairman is increasing naira value against dollar: Abdulrasheed Bawa
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.”
Governor of the Central Bank of Nigeria, Godwin Emefiele, blamed BDC operators and speculators for the downward trend of the national currency.
To further restrict forex flow at the parallel market, the CBN threatened to arrest and prosecute Nigerians using naira to buy dollars.
Speaking further at the workshop, Mr Bawa said, “Without doubt, the media’s ability to inform and sensitize the people on the ills of corruption and economic crime is crucial for us.”
According to the EFCC chairman, at the end of 2021, the anti-graft agency recorded 2,220 convictions.
“I am pleased to inform you that we are poised to improve on that figure as the record of convictions as of August 5, 2022, was 2,210,” Mr Bawa stressed.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Education
Former varsity chancellor calls for mandatory drug tests for lecturers
According to him, it would further sanitise the university system and promote sanctity and academic excellence.
NationWide
FG employing coercive, persuasive measures to tackle illegal mining: Dele Alake
He reiterated that approval for licences would only be given to mining companies that would comply with value addition to mineral resources.
States
Three die in Ondo road crash
He said that two male adults and one female child died in the accident.
States
Benue govt to demolish property housing kidnappers, internet fraudsters
He said security of lives and property was the topmost priority of his administration.
States
Security agencies deploy 12,000 personnel for Oyo LG poll
Mr Hamzat said that there would be restriction of vehicular movement from 6.00 a.m. to 6.00 p.m. in the state.
Health
King Charles to resume public duties after cancer treatment
It has been widely reported that the king was keen to resume some form of public duties in spite of his illness.