Naira crash: EFCC raids BDCs in Abuja
July 30,2022
Operatives of the Economic and Financial Crimes Commission (EFCC) on Friday raided the Wuse Zone 4 base of most bureaux de change in Abuja.
According to the News Agency of Nigeria ( NAN), the raid, conducted on other locations across the country, was undertaken days after the CBN blamed currency speculators of exacerbating the crash of the naira against the dollar and other foreign currencies
NAN quoted an authoritative source as saying that the raid was a product of weeks of covert operation.
“The idea is to dislodge currency speculators who are massively mopping up all available foreign currencies.
“The raid was a product of weeks of surveillance where agents of the EFCC monitored the activities of most of the bureaux de change operators in the Wuse 4 axis,’’ said the source.
The source, according to NAN, said enough intelligence was gathered that some people with massive naira inflow had mobilised resources and were buying up available foreign currency, especially the dollar.
“Similar operation has also been carried out at major airports in the country.
“It’s a nationwide co-ordinated operation and will be extended to major commercial cities of Kano, Lagos and Port Harcourt,’’ he added
