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NAIRA’S FALL/COST OF CEMENT: EFCC ‘LL NOT ALLOW SABOTEURS THWART TINUBU’S GOOD INTENTIONS

By Dele Ogbodo

The Chairman, Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukeyede, has said the Commission will not allow saboteurs thwart the good and genuine intentions of President Bola Tinubu’s efforts at revamping the economy.

Olukoyede, made the disclosure at the conferment of the Fellowship of the Chartered Institute of Forensics and Certified Fraud Investigators of Nigeria (CIFCFIN) on him by the Institute’s President Dr. Ilyasu Gashinbaki, at the Headquarters of the Commission on Thursday in Abuja.

On the recent free fall of the naira, the EFCC boss noted that the country’s Foreign Exchange (FX) rates which ought to be driven by market forces are now being determined by forces of speculation.

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He called on Nigerians to support every effort of government being made to sanitise and strengthen the economy.

He said: “Nigerians should be more patriotic. Somebody who gets fish from the river, dries it within the country will tell you that it is the dollar that made him or her increase the price.”

According to the EFCC boss, more than 90% of the raw materials for cement is derived in Nigeria. “I think we all need to be more patriotic and join hands together to grow the economy.” He said.

Olukoyede, commended the good intentions, passion and genuine commitment of President Bola Tinubu to grow the economy, maintaining that the government’s best efforts would not be allowed to be thwarted by saboteurs.

On the conferment of the award on Olukoyede, Gashinbaki, said the honour bestowed on Olukoyede was well-deserved, adding that it was a great addition to the institute’s profile to have an accomplished globally well-regarded personality like Olukoyede as a fellow.

Olukoyede, also member, Fraud Advisory Panel, United Kingdom, thanked the Institute for the honour, which he dedicated to the EFCC management team and the anti-corruption fight.

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