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HomeSecurity & SafetyEFCC arrests 7 BDC operators, others in Kano

EFCC arrests 7 BDC operators, others in Kano

About seven Bureau De Change operators and others have been arrested by operatives of the Economic and Financial Crimes Commission, EFCC on Wednesday in Kano state.

Nigeriacrime.com learned that the persons were arrested by the operatives who carried out a raid on the BDC operators at the popular forex exchange WAPA market in the Fagge local government area of the state.

The Chairman of the market, Malam Sani who confirmed the development to newsmen in Kano, said the operatives raided the market in search of hoarders of dollars.

Wada however maintained that members in the market don’t engage in hoarding and are all operating with licenses from authorities.

“It was a joint task force that raided the market in search of those who are hoarding dollars and causing the depreciation of the value of Naira.

“They have arrested no fewer than seven individuals, some of them are our members and others are only passersby. They said they are going to screen them to confirm who is who. We are yet to meet the task force now.

“All of them were arrested randomly and none of them was arrested carrying even a dollar on him.

“The WAPA Forex Market is licenced and there are no fewer than two hundred licenced individual outfits here in the market. All our operations are operating within the ambit of the law.

“When they struck, they hindered activities in the market as people closed down their offices, however, things have since returned to normal.

“I advised the authority to implore the whistleblower tactic to track down those who have Dollars hoarded. But there is no Dollar anywhere in the market at the moment. Nobody has it. Even if you see it, it will not be more than $100 or $200 that’s all. We don’t have Dollars.

“Therefore, I think if they want to clamp down on those with Dollars the whistleblower tactic will help them better,” the Chairman, Sani however stated.

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