The Economic and Financial Crimes Commission on Monday, raided a Bureau de Change location at the Wuse Zone 4 area of Abuja.
50 of of the operators said to be unlicensed were arrested during the operation.
The EFCC raised a Special Task Force on the 7th of February across its divisions to crack down on individuals said to be contributing to the crashing value of the Naira. They are also said to be causing the Nigerian economy to be dependent on the US dollar.
A Bureau de Change operator named Dayyabu Mistila confirmed the raid to newsmen. Mistila added that the operatives said the reason for the raid was the increasing exchange rate of the dollar and other currencies in comparison to the naira in the forex market.
“Around 3 pm on Monday, officers of the EFCC raided Wuse Zone 4 and arrested over 50 of our members. They were complaining that BDC operators are responsible for the rising exchange rate of the dollar at the parallel exchange market ” he said.