Alleged Dollar Hoarding: EFCC Storm Bureau De Change Hub In Abuja￼ - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (A.M)
July 29, 2022
The raid was a covert operation to dislodge currency speculators who are
alleged to be massively mopping up available foreign currencies, according to reports.
The raid is said to be product of weeks of surveillance in which agents
of the EFCC have been monitoring the activities of most of the Bureau de change operators in the Wuse 4 axis.
The anti- graft agency is said to be working on intelligence that some forces with massive naira inflow have mobilized resources and are busy buying up available foreign currencies especially the United States dollar, to either hoard or smuggle the same out of Nigeria.
Some operatives of the Commission have also been spotted at major airports in the country, in what a source said is a coordinated nationwide
operation that will be extended to all the major commercial cities such as
Kano, Lagos and Port Harcourt.
There has lately been a run on the value of the Naira with the currency
exchanging for over N700 to a dollar.