EFCC ARRESTS 87 FOREX DEALERS IN ABUJA, LAGOS

In continuation of its onslaught against forex dealers over the current dollar crisis in the country, the Economic and Financial Crimes Commission on Wednesday arrested no fewer than 87 forex dealers in the Federal Capital Territory, Abuja, Lagos and Kano.

Findings by The PUNCH revealed that the EFCC detectives stormed several forex trading hubs in Abuja, ransacking their vaults for a stash of dollars and naira.

The operatives later arrested no fewer than 25 legal and illegal forex dealers in addition to the 40 arrested on Tuesday during a raid of the Zone 4 Wuse offices of the Association of Bureau de Change Operators, bringing the number of arrests in the Federal Capital Territory to 65.

During the operation, the EFCC personnel were said to have seized the phones of those that were arrested.

The anti-graft agency also nabbed about 14 forex dealers in Lagos on Wednesday while eight others were picked up at the famous Bureau de Change market located at Wapa in Kano metropolis.