Operatives of the Economic and Financial Crime Commission, EFCC, stormed and arrested over 50 illegal Bureau De Change operators in Wuse Zone 4 Abuja on Monday.
A Bureau De Change operator in Wuse Zone 4 confirmed to our reporter on Monday.
The operatives were said to have raided the shops of the operators due to the rising exchange rate of the US dollar, British pounds, and other currencies against the Naira at the forex market.
“Around 3 pm on Monday, officers of 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,” one of the operators said.
According to him, the Naira traded at N1,660 to a Dollar on Monday. The official FMDQ data showed that Naira dropped to N1574.62 to the US dollar on Monday.
The Minister of Finance, Wale Edun, the Governor of Central Bank of Nigeria, Olayemi Cardoso and the Chairman of EFCC, Ola Olukoyede, met on February 3, 2024, to curb the continued fall of the Naira in FX market.