EFCC Plans More Raids On Forex Dealers Over Dollar Crisis

File photo: EFCC operatives

The Economic and Financial Crimes Commission (EFCC) has concluded plans to further raid the operations hub of Bureau de Change operators across the country.

Recall that EFCC had on Tuesday carried out simultaneous operations against Bureau de Change operators in Abuja and Kano, as the Naira slumped to N857 to a dollar at the parallel market.

It was learnt that the raids which led to the arrest if illegal BDC operators and some of their customers would also be extended to Lagos, Onitsha, Ibadan, Port Harcourt and other major cities across the country.

VANTAGE NEWS reports that the raid affected activities of the BDC operators, leading to many of them going underground for fear of being arrested by the EFCC.


Comments expressed here do not reflect the opinions of Vantage News Nigeria or any employee thereof.

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