Operatives of the Economic and Financial Crimes Commission on Friday raided Wuse Zone 4 housing most bureau de change operators in the Federal Capital Territory, Abuja.
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Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to CanadaAccording to THE GUARDIAN, EFCC spokesperson, Wilson Uwujaren, was not reachable for comment on the matter.
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Recently, exchange rate between the naira and the US dollar has continued to fall with the naira falling beyond the N700/$1 threshold at the parallel market on Wednesday.
Bureau De Change operators cited a lack of dollars and a surge in demand for the recent uncontrolled uptrend recorded in the market.
According to THE GUARDIAN, a source at the EFCC with knowledge of the matter said: “The raid is a product 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.Jamb Result
” We are working on intelligence that some forces with massive naira inflow have mobilised resources and, are busy buying up available foreign currencies especially the US Dollar, to either hoard or smuggle the same out of Nigeria.”
