Pandemonium, As EFCC Raids ABUJA Bureau De Change Offices.

Officials of the Economic and Financial Crimes Commission raided the offices of black market currency dealers in Wuse Zone 4 and Sheraton Hotel area of ABUJA, arresting an unconfirmed number of suspects.

Video: https://twitter.com/Abuja_Facts/status/1587500675721826309?t=eJ7HVnYwDPGZLTClVt7xRw&s=08

EFCC raids Abuja Bureaux de change offices

Officials of the Economic and Financial Crimes Commission raided the offices of black market currency dealers in Abuja on Tuesday, November 1, 2022, arresting an unconfirmed number of suspects.

Our correspondent gathered that the officials, armed to the teeth, stormed the Sheraton Hotel area of Abuja to arrest some Bureaux De Change operators.

An eyewitness noted that the arrested suspects were dragged into waiting vehicles, as pedestrians trudged the scene.

During the week, the naira had depreciated further against the dollar at the parallel market as it exchanged for N880 per dollar as of Monday, October 31.

This follows the Central Bank of Nigeria’s announcement that the proposed newly-redesigned naira notes would be in circulation from December 15, 2022.

The Spokesperson for the EFCC, Wilson Uwujaren could not confirm the operation when contacted by our correspondent.

“I will check and get back to you,” he said.

Meanwhile, the commission expresses concern about the rising spate of cyber-attacks on banks and the reluctance of the institutions to report such breaches to law enforcement.

While warning that such reticence would only embolden the criminals, the EFCC appeals to financial institutions to collaborate with it to secure the financial sector from threats of cyber-attacks.

The EFCC had in the wake of the recent announcement by the Central Bank Nigeria of plans to redesign and re-issue higher denominations of the naira, warned Bureau de Change operators to be wary of currency hoarders who would attempt to seize the opportunity to offload the currencies they had illegally stashed away.

https://punchng.com/breaking-efcc-raids-abuja-bureaux-de-change-offices/?amp

Brace up guys, stock up food if you have the means. This dollar rate is gonna tell hard in the coming days.

Alright.

We are getting there!


One of the major reasons for the currency redesign though, election is closeby.

When you are confused and frustrated. You keep chasing shadows. You created parallel and official, now parallel is the determinate of the market.
Chasing them won't change anything. Go and do the needful

I remember "Operation Sweep"

Tafa Balogun


Edited:

For the ITK's mentioning me, I never said Tafa Balogun founded Operation Sweep.

Buba Marwa founded Operation Sweep. That I know.

People who understand what I wrote above, understand perfectly. People who don't are the ones that will be quick to launch an argument.

I'm not good at arguments oo.

Nigeria's call obey ...

Good news

Abokis own Naira 100%

BDC

You cannot keep supporting the criminals to destroy the financial system

A very poor move by the government

Meet the politicians bringing in big big ghana must go for money and arrest them

Wetin concern bureau de change

We like chasing shadows in this country

Before Christmas Naira will be around #1000 = 1$.

Nigerian's staying Abroad...their mood now.

What is even Bureau De change? This is simply the guys sabotaging the economy. Every northern politician has a Bureau De change

Ok

After this raid, the Naira will gain against the dollar for a few days. Then, the free fall starts again and continues.

The same thing occurred when the exchange rate entered N700 per $1 for the first time.

And they didn't raid APc and PDP primaries




jokers

Expect more of this

The EFCC and NDLEA are doing very well. But by the time cases reaches the court, Nigeria judiciary will set criminals free.

Noted.

The raiding will not stop others from transacting. We have them in Kano,Lagos,Sokoto and Kaduna but no raiding.

I think they just want their own share of the sudden hike because threatening them will not change anything . In 24hrs ,they will be released because they have baba go slow at their back.

Check my signature and buy/sell today.

This is what bubu know how to do best kudos to him those bdc are demons...

They will release them. All this arrest na scam.

No body dey arrest aboki

D

BDC operators are not to blame for the free fall of our naira ..

Their business is legal since our society operates the parallel màrket .

lol

We await further clarifications on this arrest. BDC business is a legitimate business. They are licensed by CBN to trade in dollars and they are permitted by law to buy Dollars twice a week ffrom CBN

Good.

Arrest both the high and low that are involved in criminal deals.

Don't forget to go after the politicians, the bigger theives.

Ok

Dollar 880 ghen ghen style! Make everybody go sew ankara for their children this Christmas coz nna, this shirt cheap but dorra don lice���