The Economic and Financial Crimes Commission has continued its raid on the hubs of Bureau De Change (BDC) operators in Abuja, Lagos and Kano.
Director of Operations, EFCC, Abdulkarim Chukkol, said many cash smugglers were arrested with huge sums in foreign currencies.
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He was featuring on Tuesday on the Nigerian Television Authority’s morning show, ‘Good Morning Nigeria’.
“Some were arrested with an excess of $6m, others with $2m and we know that these huge sums were not meant to be used in buying goods, but stolen monies being laundered out of the country,” Chukkol said.
According to him, the EFCC considers foreign exchange malpractice as an economic crime against the Nigerian state.
Meanwhile, EFCC spokesman, Wilson Uwujaren, said one of the BDC operators, Mustapha Muhammed, alias Muaspaha Naira, had been taken into custody for sabotaging the nation’s economy through his activities.
Uwujaren told journalists that Muhammed was picked up by EFCC operatives on Saturday at Wuse Zone 4, the hub of parallel market operations in the FCT.
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