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Dollarisation: EFCC raids BDC operators in Abuja, arrests 50

By Matthew Ogune Abuja
20 February 2024   |   10:21 am
Operatives of the Economic and Financial Crime Commission, (EFCC) raided and arrested over 50 illegal Bureau De Change operators in Wuse Zone 4 Abuja, on Monday.
EFCC personnel

Operatives of the Economic and Financial Crime Commission, (EFCC) raided and arrested over 50 illegal Bureau De Change operators in Wuse Zone 4 Abuja, on Monday.

According to the marketers, the raid was occasioned by the continued free fall of the Naira in the Foreign Exchange Market.

Dayyabu Mistila, a Bureau De Change operator in Wuse Zone 4, disclosed the development to newsmen on Monday.

According to Mistila, the operatives said the raid was because of the rising exchange rate of the US dollar and other currencies against the Naira at the forex market.

He said: “Around 3 pm on Monday, officers of the EFCC raided Wuse Zone 4 and arrested over 50 of our members. They were complaining that BDC operators are responsible for the rising exchange rate of the Dollar, the parallel exchange market”.

According to him, the rate of the dollar to Naira as of Monday was N1,660 per Dollar.

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