The Economic and Financial Crimes Commission (EFCC) has initiated a nationwide search targeting individuals involved in currency racketeering....CONTINUE READING
The move aims to safeguard Nigeria’s foreign exchange market and counter speculative activities, according to undisclosed sources within the EFCC.
The anti-graft agency says it is determined to identify and apprehend individuals engaged in illegal currency-related activities, including foreign exchange speculation and other fraudulent practices.
Videos on social media depict the EFCC arresting individuals, particularly those connected to Bureau de Change operations.
A social media influencer, Somto Okonkwo, shared four videos in different cities nationwide where EFCC operatives are carrying out the raids.
He wrote: ”First Frame; EFCC Just Invaded And Arrested All BDC Operators In Enugu.
”Second Frame: EFCC Chase After Bureau De Change Operators In Sabo Ibadan, Oyo State.
”3rd And Fourth Frame: EFCC Operatives Shooting At Bureau De Change Operators At Abuja Dollar Market Over The High Rates Of The U.S. Dollar.”
The EFCC had established a 7,000-man special task force across its 14 zonal commands to crack down on dollar racketeers.
The recent directive from the National Security Adviser, Nuhu Ribadu, also underscores the concerted effort to address the challenges associated with the declining value of the naira against the U.S. dollar…CONTINUE READING>>
Watch the video below:
First Frame; EFCC Just Invaded And Arrested All BDC Operators In Enugu.
Second Frame: EFCC Chase After Bureau De Change Operators In Sabo Ibadan, Oyo State.
3rd And Fourth Frame: EFCC Operatives Shooting At Bureau De Change Operators At Abuja Dollar Market Over The High Rates… pic.twitter.com/09eRbLNkHS
— Somto Okonkwo (@General_Somto) February 21, 2024
