The Economic and Financial Crime Commission (EFCC), Kaduna Zonal Office has raided popular bureaux de change located at Hamdala hotel as part of measures to stabilize naira to the dollar.
In the same vein, officials also raided similar joints located within Kaduna metropolis.
In a statement by the Acting Head of Media, Tony Orilade on Saturday disclosed that the directives to monitor the bureaux de change came from the acting chairman of the commission, Ibrahim Magu.
According to the statement, the move was to stop saboteurs from sabotaging the efforts of the Federal government in stabilising the naira to the dollar.
The bureaux de change 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 statement stressed.
It will be recalled that, as soon as the news of the oil price crash was announced operators of currencies started hoarding dollar and making transactions difficult for end-users.
YOU SHOULD NOT MISS THESE HEADLINES
We Won’t Devalue Naira, Foreign Reserves Adequate ― CBN
Central Bank of Nigeria (CBN) on Thursday night said it had enough foreign exchange reserves to maintain the current value of the naira. In a statement, the apex bank said it had set security agencies on the track of currency speculators who were causing panic in the market… READ FULL
Sanusi’s Dethronement: Soyinka Berates Ganduje
Nobel Laureate, Professor Wole Soyinka, on Thursday, berated Kano State governor, Abdullahi Ganduje, over his removal of Emir Muhammadu Sanusi II from the throne, describing him as the most notorious public face of disorder… READ FULL
Coronavirus: Uganda Restricts Travel From 16 Countries Including UK And US
Uganda has restricted visitors from some countries with what it terms high cases of coronavirus, including China, France, Germany, Iran, Italy, South Korea, and Spain.
“Government has decided to ask travellers from the affected countries not to come to Uganda because the high cases they are reporting can easily be imported into the country,” the country’s health minister Jane Ruth Aceng said in a statement earlier this week… READ FULL
VIDEO: Security Breach Around Buhari As Unknown Man Rushes At Him In Kebbi
Security operatives scrambled to stop an unidentified man who wanted to jump at President Muhammadu Buhari during a photo session in Argungu, Kebbi State on Thursday. A video of the incident trended online Thursday night… READ FULL
“We must deny these groups the undue publicity they crave,” the minister said.
The Anambra State Commissioner for Women’s Affairs and Social Welfare, Ify Obinabo, has raised the…
The device was admitted as evidence alongside a certificate of compliance, despite objections from the…
Bose Ironsi made this assertion in her address at the Community Legal Clinic on sexual…
The National Caretaker Committee (NCC) of the Labour Party (LP) has given the National Chairman…
The union, which was founded in 1925, represents the collective identity of the Oro ethnic…
This website uses cookies.