IN a bid to stabilise the exchange rate of the naira against major foreign currencies in the foreign exchange market, the Federal Government has mandated the Economic and Financial Crimes Commission (EFCC) and other security agencies to investigate and identify and prosecute those behind the crisis experienced in the foreign exchange operations.
The Attorney-General of the Federation (AGF) and Minister of Justice, Abubakar Malami, who disclosed this to newsmen on Wednesday, blamed the current state of the naira on the activities of unscrupulous elements, whom he said were hiding under the cloak of “market forces” to deliberately undermine the national currency.
The Attorney-General of the Federation (AGF) and Minister of Justice, Abubakar Malami, who disclosed this to newsmen on Wednesday, blamed the current state of the naira on the activities of unscrupulous elements, whom he said were hiding under the cloak of “market forces” to deliberately undermine the national currency.