The EFCC urges the Nigerian government to stop foreign embassies from charging visa fees in foreign currencies, citing monetary policy concerns. Advises alignment with local exchange rates.
The Economic and Financial Crimes Commission (EFCC) has called upon the Nigerian government to enforce a ban on foreign missions charging visa and consular service fees in foreign currencies.
In a letter to the Minister of Foreign Affairs, Amb. Yusuf Tuggar, the EFCC stressed the need for embassies to align their service costs with Nigeria's local currency exchange rate, citing the adverse impact of offering consular services in foreign currencies on the country's monetary policies and economic development efforts.
The advisory, rooted in Section 20(1) of the Central Bank of Nigeria Act, 2007, highlights the inconsistency of foreign currency transactions within Nigeria's legal framework.
However, confusion persists within diplomatic circles regarding the directive's alignment with the Federal Government's official stance, underscoring legal and regulatory complexities.
