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He said: “While commending the operatives of the Economic and Financial Crimes Commission (EFCC) for their efforts so far in recovering billions of stolen naira, I urge the commission to conduct comprehensive enlightenment for Nigerians on naira handlings.
The public knowledge will unavoidably caution individuals and empower the commission to identify and punish arrogant naira abusers.” Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,072.74 per dollar from N1,148.14 per dollar on Tuesday, indicating N75.4 appreciation for the naira.
He insisted that the habit of spraying money is a cultural habit that is rampant among the Yorubas and Igbos most especially at cultural weddings, naming, and burial ceremonies.
Recall thatNaija Newsearlierreported that the Naira declined to ₦1,100 per dollarin the parallel market on Tuesday, from ₦1,080 per dollar it traded the previous day..
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