Friday, October 7, 2022
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EFCC raids Bureaux De change in Abuja

Operatives of the Economic and Financial Crimes Commission (EFCC) says it invaded the home of most Bureau de change operators.

The invasion took place on Friday in Wuse Zone 4, Federal Capital Territory, Abuja.

According to a source, the raid was a covert operation to dislodge currency speculators who are alleged to be massively mopping up available foreign currencies.

The source added that the raid was a result of weeks of surveillance in which agents of the EFCC have been monitoring the activities of most of the Bureau de change operators in the Wuse 4 axis.

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The anti-graft agency is said to be working on intelligence that some forces with massive naira inflow have mobilized resources and are busy buying up available foreign currencies, especially the United States dollar, to either hoard or smuggle the same out of Nigeria.

The Commission has also been spotted at major airports in the country, in what a source said is a coordinated nationwide operation that will be extended to all the major commercial cities such as Kano, Lagos and Port Harcourt.

Wilson Uwujaren, EFCC spokesperson, confirmed the event but refused to give further information on the invasion.

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