Thursday, April 11, 2024

My achievement as EFCC chairman is increasing naira value against dollar: Abdulrasheed Bawa

“From well over N710 to the dollar, following the commission’s intervention, the naira has appreciated significantly against the dollar,” said Mr Bawa.

• August 18, 2022
Abdulrasheed Bawa
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

Katsina State

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.”

Benylin

Health

NAFDAC recalls J&J Benylin children cough syrup over ‘toxicity findings’

NAFDAC said that the ingredient in Benylin was found to cause acute oral toxicity in laboratory animals.

Jacob Zuma

Diaspora

Ex-South African president, Zuma to contest 2024 presidency 

Mr Zuma was sentenced to 15-month jail in 2021 for not testifying in a corruption case.

National Assembly Complex

Faith

Eid-el- Fitr: Reps minority caucus tasks Muslims on tolerance, sacrifice

“As a caucus, we are elated and heartily rejoice with our Muslim brethren.’’

Aminu Gwadabe

Economy

ABCON backs CBN’s order on non-export domiciliary accounts

“We advise for the review of guidelines on holding currencies on non-oil export accounts to a maximum of 48 hours.’’

JAMB Registrar, Prof. Ishaq Oloyede

Hot news Home top

JAMB directs candidates to print notification slip ahead of exam starting Friday

JAMB advised candidates to print the notification slip on or before Friday, April 19.