The Economic and Financial Crimes Commission (EFCC) has apprehended thirteen individuals posing as Bureau-de-Change (BDC) operators in Lagos for operating without a valid license.
Additionally, a suspected currency racketeer was also arrested for alleged involvement in the illicit sale of Naira notes in various denominations.
According to PUNCH, EFCC Lagos Zonal Command conducted sting operations between May 10 and 13, 2024, resulting in the arrest of thirteen individuals identified as fake BDC operators.
The suspects include Abdulahi Musa, Garba Abdullahi, Dauda Hussaini, Jubril Musa, Abdulwaheed Iliyasu, Abubakar Mohammed, Umar Saidu, Nurudeen AbdulAzeez, Hamidu Usman, Yusuf Isa, Musa Ishaka, Liman Makki, and Idris Mohammed.
According to an EFCC statement released on Wednesday, these arrests were made following credible intelligence received by the Commission regarding their unlawful BDC operations.
In addition to the fake BDC operators, the EFCC also apprehended a suspected currency racketeer identified as Kafayat Lateef. Lateef was allegedly involved in the illegal sale of Naira notes across different denominations.
During the arrests, a sum of N2,100,000 was recovered from Kafayat Lateef. The EFCC stated that the suspects will face charges in court as soon as investigations are concluded.
