Wednesday, September 23, 2026

EFCC resumes raid on BDC operators after war against crypto fails to save naira fall

A BDC operator at Wuse Zone 4, Abuja’s currency exchange hub, confirmed EFCC’s raid to Peoples Gazette. 

• May 7, 2024
EFCC Officials used to illustrate the story
EFCC Officials used to illustrate the story

The Economic Financial Crimes Commission (EFCC) on Tuesday resumed raids on bureau de change operators in Abuja as naria dipped against the dollar. 

A BDC operator at Wuse Zone 4, Abuja’s currency exchange hub, confirmed EFCC’s raid to Peoples Gazette. 

“EFCC people are here!” he said.

“Na EFCC. Them come here two times. Carry people money,” another BDC operator at the scene told The Gazette.

Today’s raid comes as another episode since the EFCC started raiding BDC operations nationwide in a bid to stabilise the naira. 

Last week, the anti-graft agency paraded over 20 BDC operators arrested in Abuja. 

On claims that BDC operators aid currency speculators damaging naira, the anti-graft agencies have continued to raid BDC operators since February.

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