Wednesday, October 14, 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

Nigerian Bar Association

States

Independence: NBA urges Nigerians to expect better future

The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.

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.”

UNDP

Heading 1

UNDP urges FG to implement disability-inclusive climate actions 

Mr Okafor said PWDs faced additional risks from climate change.

Dr Muhammad Ali Pate

Health

FG approves N40.7 billion for healthcare, extends insurance to prisoners

Mr Pate stated, “Those children that are vaccinated are unlikely to get the diphtheria disease.”

Governor Ademola Adeleke and President Bola Tinubu

Heading 2

2027: Adeleke backs Tinubu’s re-election, says victory is certain

The governor urged Nigerians to give Mr Tinubu more time for his reforms to take effect.

National Scrabble team.

Sport

National Scrabble team camps in Umuahia ahead of Monrovia 2026

Mr Ikolo said only South Africa broke Nigeria’s dominance when it won the 2002 edition in Kenya.