Monday, August 3, 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.”

Nigeria Governors’ Forum

NationWide

Lack of integrity cited as one of Nigeria’s ‘greatest developmental challenges’

According to Mr Eichie, Nigeria continues to face developmental challenges that undermine national progress.

Tinubu signing a document

Economy

Tinubu govt offers two savings bonds for subscription at N1,000 per unit

The Debt Management Office, on behalf of the federal government, has announced an offer of two bonds for subscription at N1,000 per unit.

President Abdel Fattah El-Sisi and President Emmanuel Macron

World

El-Sisi, Macron discuss U.S.-Iran war, France wildfires

French and Egyptian presidents held a telephone conversation on Saturday in which the parties discussed regional security and bilateral cooperation.

Exhumed body of late community member, Ibe Anyadu

States

Soldiers exhume remains of slain Imo community leader from grave

Troops of 34 Artillery Brigade uncovered the shallow grave and exhumed the remains of a late community member, Ibe Anyadu, allegedly murdered in Imo.

Hospital in UK

Health

UK govt updates heat health alerts as 2,877 die

The update came after the agency said an estimated 2,877 people died as a result of intense heatwaves between May and June.

Federal Mortgage Bank

Economy

FMBN pledges uninterrupted services, investigation after headquarters blaze

FMBN has assured customers and stakeholders that its operations remain unaffected despite the fire incident that damaged parts of its headquarters over the weekend.