LAGOS MAY 12TH (NEWSRANGERS)-The Economic and Financial Crimes Commission(EFCC) has asked the federal government to ban embassies from transacting in foreign currencies within Nigeria, saying it is illegal and “unhealthy”. In a letter addressed to Foreign Affairs Yusuf Tuggar, EFCC chairman Ola Olukoyede registered his displeasure that the embassies charge visa fees and consular services in dollars…
LAGOS JUNE 18TH (NEWSRANGERS)-Security personnel attached to the Mallam Aminu Kano International Airport, Kano have intercepted bags filled up with different foreign currencies brought in on a foreign airline. The incident, which occurred Thursday according to some insider’s at the airport, followed he arrival of an Ethiopian Airlines flight at about 2pm. The source, who…
LAGOS JULY 25TH (NEWSRANGERS)-The Naira on Friday weakened marginally against the dollar at both the parallel market in Lagos and the investor’s window. The Nigerian currency traded at N472.5 to the dollar at the parallel market, down by 0.5 points from N472 exchanged on Thursday. The Pound Sterling and the Euro closed at N582 and…
LAGOS DECEMBER 1ST (NEWSRANGERS)-Operatives of the Economic and Financial Crimes Commission, EFCC has arrested one Abbas Lakis, a Lebanese for money laundering offence. Lakis was picked up at the Nnamdi Azikiwe International Airport, Abuja, following intelligence report that he had on him, undeclared huge sums of monies aboard the Egypt Airline bringing him from the…