Economic and Financial Crimes Commission (EFCC)
EFCC again raids Abuja BDC operators amid naira decline
The Economic and Financial Crimes Commission (EFCC) resumed raids on Bureau de Change (BDC) operators in Abuja on Tuesday, targeting currency traders as the Nigerian Naira weakens against the US Dollar.
The raid targeted Wuse Zone 4, a major currency exchange hub in Abuja. A BDC operator confirmed the raid to Peoples Gazette, stating simply, “EFCC people are here!”
READ ALSO:
This latest raid marks a continuation of the EFCC’s efforts to stabilize the Naira. Since February, the anti-graft agency has conducted nationwide operations targeting BDC operators, with over 20 arrests made in Abuja last week.
The EFCC accuses some BDC operators of aiding currency speculators who contribute to the Naira’s decline. However, the effectiveness of these raids in stabilizing the currency remains a subject of debate.
Being Married to the Same Woman for 48 Years Can Become 'Boring' – Charly Boy…
Why LPG Prices Won’t Drop Anytime Soon: NMDPRA Explains The Nigerian Midstream and Downstream Petroleum…
Police Neutralise Two Kidnappers, Rescue Victim in Ogun Forest Operation The Ogun State Police Command's…
IGP Bans Police Officers from Social Media, Threatens Dismissal The Inspector-General of Police, Olatunji Rilwan…
Gwamnishu Confirms Arrest of Man Who Assaulted 18-Year-Old Wife Human rights activist Harrison Gwamnishu has…
VeryDarkMan in Trouble as Court Orders DSS to Investigate Leaked Coup Trial Evidence The Federal…