EFCC raids Abuja BDCs again as naira’s woes intensify
The Economic and Financial Crimes Commission on Tuesday invaded the offices of black market currency dealers in Abuja, arresting merchants as the value of the naira continues to fall.
According to reports, heavily armed officials raided Sheraton Hotel and its environs in Abuja to apprehend certain Bureaux De Change operators.
The development comes after Peoples Gazette reported that the value of the local currency deteriorated against the dollar, trading at N800 to the dollar and continuing to decline ever since.
Checks by The Gazette with Aboki Forex revealed that the country’s currency exchanged at N820 against the dollar on Tuesday evening,
Recently, the Godwin Emefiele-led apex bank announced plans to redesign the naira, giving Nigerians till January 31, 2023, to return their old currencies to the bank’s vault.
However, experts have anticipated that politicians will overwhelm BDC operators with the old currencies that they have accumulated at home in an effort to avoid direct transactions with the bank, which will increase demand for dollars.
The dollar has continued to rise since the apex bank announced plans to redesign the naira.
When contacted by The Gazette, EFCC spokesperson, Wilson Uwujaren was unable to confirm the development, saying, “I’m not aware of the raid.”
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Heading 4
Done Global CEO Ruthia He sentenced to 72 months, fined $90 million for distributing millions of Adderall pills
As the investigation closed in, Ms He continued to move assets and company operations abroad. She researched non-extradition countries on her MacBook and saved a screenshot of the results.
Africa
Grassroots support crucial to fighting irregular migration, says ECOWAS parliament
The ECOWAS Parliament says grassroots engagement is crucial to developing more effective regional policies to address the growing menace of irregular migration across West Africa.
Enugu
Enugu: Police impound 195 vehicles for registration, number plate violations
The police command in Enugu has impounded 195 vehicles for registration and number plate violations.
Africa
Nigeria-South Africa relations must be anchored on respect, protection of citizens: APC Governors
The Forum of First-Term Governors under the Progressives Governors’ Forum has condemned attacks on Nigerians and other nationals in South Africa.
Enugu
Nwifuru enrols 200 people with sickle cell disease in Ebonyi health insurance scheme
The Better Health for Rural Women, Children and Internally Displaced Persons Foundation has enrolled 200 people with sickle cell disease in the state’s health insurance scheme.
Politics
Tinubu building 100 housing units per LGA for vulnerable Nigerians, says aide
The presidential aide said the project was already underway and designed to provide succour to vulnerable Nigerians.
