The Economic and Financial Crimes Commission (EFCC) has arrested 12 suspected illegal Bureau de Change (BDC) operators in Lagos.
According to EFCC spokesperson Dele Oyewale, the suspects were nabbed on Wednesday by operatives of the commission’s Lagos Zonal Directorate 1 after credible intelligence and surveillance.
Oyewale revealed that the suspects were allegedly running BDC businesses without valid licences, in violation of financial regulations.
Items seized during the raid included huge cash sums and exotic jewellery, which are now in EFCC custody.
He further confirmed that the suspects are still under investigation and will be charged in court once the probe is concluded.
Social buzz is growing online, with Nigerians reacting strongly to the crackdown on illegal currency operations, especially at a time of naira volatility.
