Naira devaluation: EFCC raids offices of Bureau de Change in Abuja

The operatives of the Economic and Financial Crimes Commission (EFCC) have raided the offices of some Bureaux De Change operators in the Wuse Zone 4 area of the Federal Capital Territory, Abuja.

It was gathered that the raid was undertaken after the Central Bank of Nigeria (CBN) blamed currency speculators of exacerbating the crash of the naira against the dollar and other foreign currencies.

A source in the anti-graft agency told NAN in Abuja on Friday that the raid was a product of weeks of covert operation.

“The idea is to dislodge currency speculators who are massively mopping up all available foreign currencies.

“The raid was a product of weeks of surveillance where agents of the EFCC monitored the activities of most of the bureaux de change operators in the Wuse 4 axis,” he said.

According to the source, enough intelligence was gathered that some people with massive naira inflow had mobilised resources and are buying up available foreign currency, especially the dollar.

“Similar operation has also been carried out at major airports in the country.

“It’s a nationwide co-ordinated operation and will be extended to major commercial cities of Kano, Lagos and Port Harcourt,” the source added.

Efforts to get official confirmation on the raid from EFCC spokesperson, Wilson Uwujaren, were not successful as his phone was switched off.


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