On Tuesday, the Economic and Financial Crimes Commission (EFCC) continued its crackdown on Bureau De Change (BDC) operators in Abuja amidst the persistent naira depreciation against the dollar.
These raids are part of the federal government’s and the Central Bank of Nigeria’s (CBN) ongoing efforts to address the naira’s downward spiral.
Recent reports highlighted how speculators in the forex market and digital marketing sphere have intensified pressure on the naira.
Last week, the EFCC arrested and paraded over 20 BDC operators, accusing them of collaborating with currency speculators to undermine the value of the naira.
Confirming the latest raid, a BDC operator in Wuse Zone 4, Abuja, disclosed anonymously that EFCC operatives had once again apprehended some operators.
“They were here again. They’ve taken away some people,” the BDC operator informed Daily Trust over the phone.
In response to inquiries, EFCC spokesperson Dele Oyewale described the raids as part of an ongoing operation.
“The exercise is a continuous one. So, if our officers are there, I don’t think they are in a wrong place,” Oyewale stated.