FEATURED

Forex Fraud: EFCC Raids Hotel, Warns BDC Operators Against Hoarding

Published

6 years ago

March 17, 2020

BIGPEN

The Economic and Financial Crimes Commission, EFCC, says it raided the popular Club Road/Hamdalla Hotel in Kaduna known for Bureaux de Change, BDC operations to forestall hoarding of the dollars.

The operation was a directive from the acting EFCC Chairman, Ibrahim Magu to monitor the activities of BDCs in Kaduna and its environs in an effort to prevent sabotaging the Federal Government’s efforts to stabilize the naira to the dollar.

The BDC operators were also warned against hoarding, as it amounted to an act of sabotage, with a further warning that any individual or group caught involved in such illegal and illicit financial transactions will be made to face the full wrath of the law.

The EFCC undertook the raid on Thursday March 12, 2020.

Related Topics:

Up Next

Covid-19: Delta PDP Replies APC, Says Buhari, Osinbajo, Omo-Agege Should First Sack Their Over-bloated Aides To Cushion Effect

Don't Miss

IPMAN Accuses NNPC Of ‘Blocking’ Reopening Of Warri Refinery

Click to comment

BIGPEN NIGERIA

Forex Fraud: EFCC Raids Hotel, Warns BDC Operators Against Hoarding

FEATURED

Forex Fraud: EFCC Raids Hotel, Warns BDC Operators Against Hoarding

2027: Panic Hits Dada, Taiwo and Ojugbele Camps as Ogun Deputy Gov. Salako-Oyedele Picks APC Senate Form

2027: Full List of 17 ADC Reps Who Defected — Follow Obi to NDC in New Realignment

REVEALED: How the Alleged Coup Was Orchestrated, Foot Soldiers Recruited, and Paid Millions

Delta’s City Boy Movement Vows to Deliver 2.7 Million Votes for Tinubu, Oborevwori, Other APC Candidates

Oborevwori Boost Infrastructure in Delta, to Flag Off Aboh–Akarai Road, Bridge Project

Coup Trial: Islamic Cleric Says ₦10m He Got Was for Prayers, Not to Overthrow Tinubu

Tinubu Assures Global Investors in Paris of His Post-2027 Agenda

‘My Scorecard’ — Sen. Ned Nwoko Reels Out Achievements Ahead of Second Term Declaration

Warri, Port-Harcourt Refineries to Resume Operations as NNPC, China Sign Resuscitation Deal to Boost Petrochemical Output

Ugbolu Land Dispute: Delta Govt Calls for Calm as Protesters Storm Govt House Asaba

Clergyman Distributes Food Items to Vulnerable Nigerians in Delta

Delta Govt Directs Intelligence-driven Response as Phone Gadget Dealers Storm Govt House Asaba Over Targeted Robberies

Dangote Repels Alleged Rift with Elumelu, Claims on Refinery Financing

Community Policing: Isoko South Chair Begins Construction of Police Station in Border Town, Enwhe

Tensions Mount Delta as Ijaw, Urhobo Indigenous People Set to Resist Delayed INEC Delineation Report

z

BIGPEN NIGERIA

Forex Fraud: EFCC Raids Hotel, Warns BDC Operators Against Hoarding

You may like

2027: Panic Hits Dada, Taiwo and Ojugbele Camps as Ogun Deputy Gov. Salako-Oyedele Picks APC Senate Form

2027: Full List of 17 ADC Reps Who Defected — Follow Obi to NDC in New Realignment

REVEALED: How the Alleged Coup Was Orchestrated, Foot Soldiers Recruited, and Paid Millions

Delta’s City Boy Movement Vows to Deliver 2.7 Million Votes for Tinubu, Oborevwori, Other APC Candidates

Oborevwori Boost Infrastructure in Delta, to Flag Off Aboh–Akarai Road, Bridge Project

Coup Trial: Islamic Cleric Says ₦10m He Got Was for Prayers, Not to Overthrow Tinubu

Tinubu Assures Global Investors in Paris of His Post-2027 Agenda

‘My Scorecard’ — Sen. Ned Nwoko Reels Out Achievements Ahead of Second Term Declaration

Warri, Port-Harcourt Refineries to Resume Operations as NNPC, China Sign Resuscitation Deal to Boost Petrochemical Output

Ugbolu Land Dispute: Delta Govt Calls for Calm as Protesters Storm Govt House Asaba

Clergyman Distributes Food Items to Vulnerable Nigerians in Delta

Delta Govt Directs Intelligence-driven Response as Phone Gadget Dealers Storm Govt House Asaba Over Targeted Robberies

Dangote Repels Alleged Rift with Elumelu, Claims on Refinery Financing

Community Policing: Isoko South Chair Begins Construction of Police Station in Border Town, Enwhe

Tensions Mount Delta as Ijaw, Urhobo Indigenous People Set to Resist Delayed INEC Delineation Report

z