Nigeria’s Economic and Financial Crimes Commission (EFCC) has stopped the transactions of United States dollar at foreign embassies in the country.

In an advisory to the Minister of Foreign Affairs, Ambassador Yusuf Tuggar, the EFCC explained that the Nigerian local currency should be the only legal tender for transactions at foreign embassies.

The anti-graft agency said the directive is part of efforts to strengthen the Naira.

It emphasized that the value of the Naira increased from around N700 to around N1,400 Naira equalivant to $1 US dollars in the last one year since the collapse of the foreign exchange market in Nigeria.

WADR’s Usman Omar in Abuja, reports.