The EFCC arrested dozens of black market currency traders on Tuesday in Abuja in a bid to halt the slide of the naira.
The EFCC at about noon raided the Sheraton Hotel area of Wuse Zone 4 in Abuja, where dozens of Bureau De Change operators ply their trade.
In a desperate bid to stop a further crash of the naira, the anti-graft agency officials raided the currency dealers offices. Our reporter saw two white buses parked in front of the Musawa House along Constantine Street of Wuse Zone 4, the EFCC blocked traffic to Constantine Street with two other white buses.
“As of 1.53p.m, the USD was selling between N870 and N900 depending on sellers and buyers bargaining power,” another BDC operator told PREMIUM TIMES.A currency dealer who identified himself as Nuhu said the arrests of his colleagues by the EFCC will not solve the problem of dollar scarcity. He explained that the raid by the EFCC was a cosmetic attempt to deal with a deeply rooted financial crisis.
He said: “We were suspended because of all these criminalisation. So we are already in the bad books of the CBN for so many infractions. We are still talking to them not to throw the baby and the bad water.”
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