Connect with us

News

EFCC plans clampdown on schools charging foreign currencies in Nigeria

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

By Kayode Sanni-Arewa

Nigeria’s Economic and Financial Crimes Commission (EFCC) has placed international schools charging tuition in dollars and other foreign currencies under surveillance.

EFCC believes such schools are contributing to the pressure on the Nigerian currency, the naira.

EFCC’s spokesman, Dele Oyewale, confirmed the development to newsmen on Thursday, saying the agency would clamp down on schools and other organisations charging foreign currencies.

Advertisement

He reiterated that it was illegal for schools, hotels and firms operating in the country to charge for services in foreign currencies.

He explained that the 7,000-man special task force on dollar racketeers operating across the EFCC zonal commands was monitoring the schools and other organisations that might be involved in the illegality.

In a move to curb the free fall of the naira against the greenback, the anti-graft agency in February summoned the proprietors of private universities and other schools charging tuition in dollars.

The task force also conducted several raids in Abuja, arresting currency traders suspected to be speculating against the naira.

Advertisement

Worried by the depreciation of the national currency, the Finance Minister and Coordinating Minister for the Economy, Wale Edun, had met with the governor of the Central Bank of Nigeria, Yemi Cardoso and the EFCC Chairman, Ola Olukoyede, to proffer solutions to the naira crisis.

Oyewale said it was illegal for any business operating in the country to charge for its services in foreign denominations apart from the naira, vowing sanctions for any breach of the law.

He stated, “The task force is not just to monitor naira abuse alone but for the whole economy. So, the EFCC is working to ensure that those breaking the rules find their way back to the right path so that the wrath of the law will not be on them.

“Yes, everyone knows that it is illegal to charge in other denominations apart from the naira. Whether in Chinese or American currency, any transaction that is not denominated in naira in Nigeria, the EFCC is against it.

Advertisement

“So, the task force is in place to check that and Nigerians should be happy about that. It is not just schools, hotels but other entities across the country that are doing this must come back to the naira as our legal tender.’’

He added, “Naira is the symbol of our economy and everything that has to do with the economy in Nigeria must be done in naira.’’

Asked if the schools, hotels and other businesses under watch would be punished if caught violating the law, Oyewale responded, ‘’Certainly, they are aware that we are watching them.’’

NUT supports EFCC

Advertisement

The National Union of Teachers (NUT) has declared its support for the EFCC over the move to sanction erring international schools charging in dollars.

The NUT president, Titus Amba, said, “Though I am not meant to speak on this because these schools are private schools. However, it is necessary to note that this is Nigeria and if you are going to charge for services, it should be in the national currency which is naira.

“So, we support the EFCC on its mission. Acts like these are sabotaging the economy so we support the EFCC and the Federal Government wholeheartedly.”

CISLAC hails move

Advertisement

The Executive Director of the Civil Society Legislative and Advocacy Centre, Auwal Rafsanjani, urged the government to review its memorandum of understanding with foreign schools and other businesses demanding payment in foreign currencies, noting that the economy was suffering on account of this.

“This cannot happen in the UK, it cannot happen in America, it cannot happen in any serious country. And that is why the economy is suffering because they have destroyed the value of the naira.

“So, we commend EFCC for rising to at least bring this issue to the public, because in the Memorandum of Understanding that they signed with the Nigerian government, there is nowhere the government permitted them to be charging in dollars. If there is anything like that, then we will need to seek reversal of that,” he said.

The group further asked the government to monitor the operations of all businesses demanding payment in foreign currencies.

Advertisement

Rafsanjani noted, ‘’Not only the foreign schools but even hospitals and real estate. Let the government review all those things, and if there were any fraudulent insertion of payment in dollars, the government should stop that as part of measures to revitalise the economy and our currency.”

Continue Reading
Advertisement
Click to comment

Warning: Undefined variable $user_ID in /home/naijuinz/public_html/wp-content/themes/zox-news/comments.php on line 49

You must be logged in to post a comment Login

Leave a Reply

News

Cholera Outbreak: Plateau Records 5 Deaths, 11 Confirmed Cases

Published

on

By

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

Plateau State commissioner for Health, Dr Nicholas Baamlong, has revealed that the state recorded 11 confirmed cases of cholera, five deaths and 53 suspected cases.

Baamlong, who disclosed this to journalists yesterday in Jos, said the confirmed and suspected cases were reported in Pushit, Mangu 1 and Mangu 2 communities in Mangu local government area (LGA).

According to him, the state Ministry of Health is intensifying public health interventions to contain the outbreak, prevent further spread and reduce its impact on affected communities.

He explained that the state had taken decisive actions to control the outbreak and protect its citizens via the deployment of additional Response Teams (RRTs) to the affected wards, scaling up of treatment centres and isolation capacity and the emergency procurement of Rapid Diagnostic Tests Kits, intravenous fluids and essential drugs.

Advertisement

The Commissioner further said that the ministry had activated an Incident Management System (IMS), for a comprehensive and multi sectorial response to the outbreak.

“The activation of the IMS ensures a coordinated, efficient, and accountable response structure in line with national and international emergency response frameworks,” he said.

Baamlong explained that cholera was an acute diarrhoeal disease caused by consuming food or water contaminated with the bacterium Vibrio cholerae.

He urged residents of Mangu LGA and neighbouring communities to remain vigilant and take preventive measures, including drinking safe water, maintaining proper hand hygiene, avoiding open defecation, and ensuring proper waste disposal.

Advertisement

He also advised residents to promply report suspected cases of cholera to the nearest healthcare facility for immediate attention.

While reaffirming the state government’s commitment to safeguarding the health and well-being of residents, Baamlong called on development partners and other stakeholders to support ongoing response efforts.(NAN)

Continue Reading

News

South Africa says 2,745 foreigners sent home in a week

Published

on

By

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

South Africa has repatriated 2,745 foreigners in the week after President Cyril Ramaphosa vowed tougher action against illegal immigration, the country’s home affairs minister said on Sunday.

One of Africa’s largest economies, South Africa has long attracted migrant workers from across the continent, both legally and illegally.

But saddled with an unemployment rate above 30 percent, it has experienced recurring spurts of anti-immigrant unrest, including fresh violence in recent weeks.

Mobs of South Africans carrying sticks, whips and shields have marched through parts of the country ordering foreigners with no residency papers to leave by June 30.

Advertisement

Growing security fears after businesses were looted and foreigners targeted have prompted citizens of Nigeria, Malawi, Ghana, Zimbabwe and Mozambique to accept voluntary repatriation organised by their governments.

“As of last night, the number we can report is 2,745 repatriations that have come in this period since the president spoke,” Home Affairs Minister Leon Schreiber told reporters.

“It is a moving target,” he said.

The government said most of those repatriated were in the country illegally.

Advertisement

They include Malawian nationals, about 7,000 of whom have been sheltering in an open field in the eastern port city of Durban, according to an inter-ministerial migration committee set up after the president’s address.

Eight buses commissioned by the Malawian government began moving its citizens on Sunday, with South Africa providing 10 additional buses to speed up deportations, the committee said.

Some 560 people, including about 200 children, took the journey on Sunday, Malawi Consul General Max Biwi said.

Among those boarding the first buses, some carried babies on their backs and small bags of belongings.

Advertisement

“I’m relieved we are finally leaving. It’s better than living in fear here,” said Fortunate Chilenje from Blantyre, Malawi’s commercial capital.

The 25-year-old had lived in South Africa for three years, she told AFP, adding that threats to leave had followed her even at the camp, one of the largest to emerge since the unrest began.

The government said on Sunday it did not operate refugee camps and had no intention of establishing them, even on a temporary basis.

Another passenger, Laina Nala from Mangochi in southern Malawi, said she simply wanted to be dropped as close to her home as possible, rather than continuing on to Blantyre.

Advertisement

“Blantyre is too far and expensive from there,” she said.

For Hassan Hasha, 27, a debt linked to his journey to South Africa still hung over his head.

He said he had barely stayed in South Africa for weeks before the anti-foreigner sentiment flared, but added: “I have resigned myself to going home”.

Last week, Ramaphosa acknowledged public concerns over illegal immigration but warned that the authorities would not tolerate anyone taking the law into their own hands.

Advertisement

Tensions escalated after two Mozambicans were killed following a May 29 march against illegal migrants in the Western Cape town of Mossel Bay. Mozambican authorities put the toll at five.

There are more than three million foreigners living in South Africa, or 5.1 percent of the population, according to the statistics agency.

Continue Reading

News

FCT residents decry rising cost of tomatoes

Published

on

By

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

Many residents of the Federal Capital Territory (FCT) have expressed concern over the  continued increase in the price of tomatoes.

The residents told the News Agency of Nigeria (NAN) on Sunday in Abuja that the situation was making things difficult for both traders and residents.

A market survey conducted by NAN in some markets in the FCT showed a sharp rise in tomato prices in recent weeks.

A vegetable seller at the Suleija market, Malam Isah Ado, said they were facing challenges in their business due to the surge in tomato prices.

Advertisement

Ado said a big basket of tomatoes, which sold for between N85,000 and N90,000 a few weeks ago, currently sells for between N150,000 and N170,000.

He attributed the rise in price to seasonal scarcity, post-harvest loses and high cost of transportation from farms to markets.

A tomato seller at Garki New Market, Ms Philomena Bassey, lamented that the cost of transporting produce from the producing states to the markets had continued to increase.

“Customers think we are ripping them off and making a lot of profit from our sales, but that is not the case.

Advertisement

” We buy these tomatoes sometimes cheaply from the farms where they are produced, but by the time they get to Abuja, the price will have gone up.

“So, we have to factor in all  of these factors, which makes the cost of the product increase,” she said.

A small-scale trader  popularly known as Mummy Juli, who resides in Kubwa village, said tomatoes were very scarce in the market these days.

” The scarcity has made tomatoes very expensive to buy, thus forcing us to also adjust our prices.

Advertisement

“I used to share a basket of tomatoes with three other traders, but now I have to share with five colleagues because of the increased price in the market,” she said.

She told NAN that a small bucket of tomatoes she usually sells for between N4,000 and N4,500 now sells for between N8,000 and N10,000.

“Due to the hike in price, I  can no longer sell a portion of tomatoes for less than N1,000 as against N100.

” This has led to reduced sales in my business because the majority of my customers are very low-income earners who buy in small quantities.

Advertisement

“As the situation is right now, there is nothing I can do; I have to keep managing and hope for the best,” she said.

Mrs Angella Ikenna, a mother of two, shopping at the Dutse Market, said the rising cost of tomatoes was taking a toll on her family’s feeding expenses.

“I used to buy the tomatoes I need for a week, but due to their price, I now buy only what I need for a day or two,” she said.

Similarly, Mr Moses Sunday, a nurse, lamented that the rising cost of tomatoes was compounding the country’s economic situation.

Advertisement

Mrs Badia Muhammad, a resident of Dei-Dei, said the rise in tomato prices was affecting many households.

“We use tomatoes almost in every meal, but due to the sharp  rise, we can no longer afford to buy them as we used to and have to opt for cheaper alternatives.

“We appeal to the government to address the issues affecting the supply of tomatoes and implement measures that will enhance production.

Advertisement
Continue Reading

Trending

Copyright © 2024 Naija Blitz News