In a bid to salvage the nation’s currency from further manipulation, Federal Government (FG) has authorised security agencies to go after multinational companies doing businesses engaged in illegal practice of forex round tripping, Business Hallmark has learnt.
Multiple sources in the Department of State Security (DSS), the Economic and Financial Crimes Commission (EFCC) and the Police Special Fraud Unit (SFU) informed our correspondent that the agencies have been given the go ahead to beam their searchlight on multinationals speculating on the naira and in the process sabotaging the nation’s economy and bring the culprits to book.
