Sunday, August 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.

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

farmers

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

Katsina State

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.”

Nasiru Sule-Garo

States

2027: NDC affirms Sule-Garo as Kano North senatorial candidate 

Usaini Mai-Riga, Kano NDC chairman, said the decision followed consultations and consideration of Mr Sule-Garo’s experience as a former member of the National Assembly.

States

Group offers free medical outreach to over 2,000 Kwara residents

The team comprised doctors, nurses, surgeons, pharmacists, laboratory scientists, medical record officers and other healthcare professionals.

States

NDLEA nabs 101-year-old great-grandmother for drug peddling

The centenarian was arrested at Ilisan, Ogun State, with 90 grammes of skunk and a strain of cannabis, which she reportedly admitted selling in retail quantities.

PDP flag

States

PDP rejects Ebonyi LG poll, threatens legal action

The PDP described the exercise as a “mono-party poll”, alleging that the state electoral commission failed to ensure participation of all registered parties.

Politics

2027: APC begins grassroots mobilisation in Eti-Osa East LCDA

Lagos APC inaugurated coordinators of the Kadiri Obafemi Hamzat (KOH) campaign group in Eti-Osa East LCDA.

Sowore, AAC

NationWide

We’re confident of Sowore’s victory in 2027 presidential election, says AAC ‌⁠‍‍⁠⁠‌‌⁠⁠‍⁠‌chieftain

Mr Ajayi said he was confident that citizens would reward Mr Sowore with their votes “for fighting for their interests”.