The Attorney General of federation,
Abubakar Malami SAN, has disclosed that the Federal Government is ready
to prosecute any person found culpable in the current crisis surrounding
the nation’s foreign exchange market.
To this end, he said he has directed the
Economic and Financial Crimes Commission, EFCC, to investigate and
confirm information available to government on the nefarious activities
of persons and institutions involved both within and outside the
country.
“Let me restate in the strongest terms
that these nefarious malpractices by unscrupulous individuals and
institutions will no longer be tolerated. In this regard, measures are
already in place to deal with the infractions decisively and relevant
security agencies are on the red alert to investigate these infractions
and appropriate sanctions shall follow accordingly,” he said.
Malami, who made the disclosure to
newsmen on Wednesday in Abuja, said the government has done its
investigation and has evidence, adding that what is remaining is to
commence investigation of all indicted persons and institutions.
According to him, available reports at
the disposal of the government have confirmed earlier suspicions of
government that the current state of the naira is not the result of
neutral economic factors or normal responses to demand and supply forces
alone, but deliberate actions of some individuals to undermine the
current efforts of the present administration to reposition the economy
on the path of sustainable growth through diversification and greater
accountability.
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