Video of EFCC Agents Raiding Several Bureau de Change Businesses in Ibadan

Date: 21-02-2024 8:50 pm (2 months ago) | Author: kacy lee
- at 21-02-2024 08:50 PM (2 months ago)
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Some Nigerian security operatives on Wednesday went after the Bureau De Change operators in the Sabo area of Ibadan.

Sabo in Ibadan, the Oyo State capital in Southwest Nigeria, is the hub of bureaux de change in the state.

The operatives include officials of police and Economic and Financial Crimes Commission personnel.

A video posted by Oyo Affairs on its X handle, on Wednesday, shows tens of armed security personnel and their convoy of vehicles slowly moving on the popular Sabo Road in Ibadan.

These people are idiots; they are just arresting people anyhow," a voice said in the video.

President Bola Tinubu’s administration has launched a nationwide clampdown on persons involved in currency racketeering following the free fall of the naira.

Nigeria's naira on Wednesday dropped to a record low against the dollar on the official market.

The naira now exchanged for N1980 to $1 on the parallel market and N1780 on the official market as the swift decline continued amid the government’s clampdown on currency speculators.


Nigerian security operatives including EFCC officials on Wednesday raided some Bureau De Change outlets in the Federal Capital Territory, Abuja, and arrested over 100 operators as the country’s currency slipped further.

“The situation (of arresting BDC operators) has not helped either because the official rate has also reached N1780. Naira is still crashing,” a source revealed

“Dollar reached N1980 to $1 today, prompting the Nigerian government to raid BDCs in Abuja to arrest over 100 BDC operators.”

On Tuesday, the naira slid further with one dollar exchanging for 1,900 in Abuja and Kano, and N1,800 in Lagos; while the British Pound was exchanged for N2,250.




Posted: at 21-02-2024 08:50 PM (2 months ago) | Addicted Hero
- kp45 at 21-02-2024 09:03 PM (2 months ago)
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Why did they not go and raid criminal leaders home storing billions of dollars in warehouse.
Posted: at 21-02-2024 09:03 PM (2 months ago) | Addicted Hero
Reply
- fineboy77 at 21-02-2024 09:31 PM (2 months ago)
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 Cool Cool Cool

Posted: at 21-02-2024 09:31 PM (2 months ago) | Addicted Hero
Reply
- gogoman at 21-02-2024 11:28 PM (2 months ago)
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 Grin Grin Grin
Posted: at 21-02-2024 11:28 PM (2 months ago) | Grande Master
Reply
- Holopid at 21-02-2024 11:35 PM (2 months ago)
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 Grin Grin Grin
Posted: at 21-02-2024 11:35 PM (2 months ago) | Gistmaniac
Reply

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