EFCC conducts raids on BDCs across Kano, Abuja, and Oyo amid rising Dollar rate of N1,900

EFCC conducts raids on BDCs across Kano, Abuja, and Oyo amid rising Dollar rate of N1,900

.✓ EFCC operatives arrested currency exchange operators in Kano’s WAPA market following a crackdown order by the National Security Adviser.
✓ Eyewitnesses reported a tactical operation where many operators were apprehended.
✓ WAPA market Chairman confirmed the raid aimed to address dollar hoarding and unregistered operators.
✓ Similar raids occurred in Sabo, Ibadan, where ten people were arrested, and in Wuse Zone 4, Abuja.

NAIJA NEWS

Operatives of the Economic and Financial Crime Commission (EFCC) arrested some currency exchange operators in the famous Kano currency exchange market, WAPA, in the early hours of Wednesday.

Naija News reports that the latest development comes after the National Security Adviser, Mallam Nuhu Ribadu, ordered a crackdown on currency speculators.

An eyewitness, Malam Isma’ila Zico, who spoke with Daily Trust, said officials of the EFCC surrounded the dollar exchange section of the market and apprehended many operators.

Zico said, “They were so tactical in the operation, it was after the apprehension that we found out that they have been in the market since morning. When it was time for them to strike, we then saw their operatives with crested vests and some other security agents, and they surrounded the Dollar exchange section of the market. I can’t say how many people were apprehended but they have taken away many operators.”

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