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“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.