BREAKING: EFCC Raids Black Market Forex Offices as Naira Sinks
- The EFCC is on a mission to deal with those who are responsible for the ongoing fall of the naira
- This is why the anti-graft agency on Tuesday, November 1, stormed officers of the money changes in Abuja
- Sources gathered that EFCC officers were seen in Musawa House along Constantine Street of Wuse Zone and arrested some of the BDC operators
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Abuja - In an effort to stop the free fall of the naira, officials of the Economic and Financial Crimes Commission stormed the offices of black market currency dealers in Abuja on Tuesday, November 1.
Premium Times reports that EFCC operatives and the buses were seen in front of the Musawa House along Constantine Street of Wuse Zone 4 on Tuesday.
Source: Twitter
Some of the agency's personnel were seen dragging a Bureau De Chan operator into one of their vehicles.
It was gathered from the BDC operators that the dollar sold at N860 as of 1p.m on Tuesday.
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An operator said:
“For now, there is no dollar to sell. This morning (Tuesday), a dollar was selling for N850, while I bought a dollar at N840."
Another BDC operator disclosed:
“As of 1.53p.m, the USD was selling between N870 and N900 depending on sellers and buyers bargaining power."
Finally, Gumi speaks on naira redesign, reveals strong position
Controversial Islamic cleric, Sheikh Ahmad Gumi had rejected the redesigning of the naira by the Central Bank of Nigeria (CBN).
In a statement, the cleric described it as bad for Nigerians, especially rural dwellers.
According to him, 80 percent of Nigerians especially rural people, depend on cash transactions.
It is a disaster, Gumi reacts to the redesign of Naira In a statement titled: “Changing the Naira: This is no time for economic kamikaze!”, Gumi said any policy that will cause more cash crunch will be a disaster for the nation.
He further explained that the policy will not starve kidnappers of cash because they may decide to demand for dollars and other currencies to make life more harder for the people.
He said:
“People that sell goods will tell you that most Nigerians don’t have the money to buy things; therefore most traders are running at a loss and are already folding up. At this junction, anything that can cause more cash crunch will be a disaster for the nation..."
Source: Legit.ng
