Nigerian police have arrested nine suspected unlicensed Bureau de Change Operators in Kano for alleged foreign exchange transactions.
According to a statement issued Tuesday by the Police Public Relations Officer, Abdullahi Umar Kiyawa, the arrest was the result of a joint operation by the Police, EFCC, and Customs Service at several places where FOREX transactions take place in the state.
Locations raided, according to the statement, included Wappa Bureau De Change, Fagge LGA, Behind CBN Office Nassarawa LGA, Central Hotel, Bompai Road, Nassarawa LGA, Ashton Road.
Also raided were the Mallam Aminu Kano International Airport (MAKIA). Kofar Ruwa Motor Park in Dala LGA and Dawanau International Grains Market, Dawakin Tofa LGA, the statement held.
The statement disclosed that,“At the end of the operation, a total of 31 suspect were arrested out of which 22 were screened out for lack of evidence while nine 9 were arrested
It indicated that exhibits recovered from the suspects included thirty-Eight USD ($38:00), One Hundred and Thirteen (CFA 113:00), Nigerien Currency, Four Thousand Eight Hundred and Ten (Cairos 4,810:00) Egyptian Pound, Two Hundred (Birr 200:00) Ethiopian Currency, One (1) POS machine and (6) Two Mobile Phone Devices (Infinix Android & Techno Keypad).
The statement explained that the operation was solely intended to arrest these illegal elements in the sector to help stabilise the foreign exchange market, adding that those arrested had been charged to Court 70 No-man’s land, Kano, for prosecution.
