The Economic and Financial Crimes Commission (EFCC) has stated that hotels, schools, and other establishments that accept payments in dollars from their customers are at risk of facing arrest.

The Chairman of EFCC, OLA OLUKOYEDE who said this in the agency’s publication added that action would be taken against individuals involved in the dollarisation of the economy.

According to him, the exception is if foreigners come in to transact business and the only means of transacting is their credit card and dollar but to charge local customers in dollars or other foreign currencies would no longer be allowed.

The EFCC chairman said charging local activities and customers in dollars is against Nigeria’s constitution.