Nigeria should not criminalise forex possession

The ongoing attempt by the Nigerian Law Reform Commission to criminalise the possession of foreign currency is retrogressive and ill-conceived. In seeking to help the government tackle the acute forex crisis, the agency’s intervention may well serve to compound a worsening conundrum. A country in deep economic crisis like Nigeria needs well-articulated policy measures and coordination among all stakeholders, not panicky legislation. Full story

Source: http://www.wetinhappen.com.ng/nigeria-should-not-criminalise-forex-possession/

Posted by Hussaini Ali November 26, 2016

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