• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • Mohammed Idris Malagi, Honorable Minister of Information and National Orientation

      FG Reaffirms Non-Interference in ICPC, EFCC Operations

      ICPC Secures Conviction of Rector for Running Unaccredited Degree Programmes

      Engr Abba Babagana Dalori

      Engr Dalori Forfeits Galaxy Hospital, Petrol Station, Properties & Cash

      Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

      ASUU

      Tackle Corruption, Institutional Decay – ASUU Charges FG

  • Fact-Check
  • Economy
    • Customs Generates N3.7trn in H1 2025 as FG Targets Enhanced Private…

      Customs Gets 4 New Deputy Comptrollers-General, 12 ACGs, Promotes 3,312 Officers

      DG NITDA Inuwa Kashifu at the GITEX Nigeria

      Sanwo-Olu, Tijani, Kashifu Urge Digital Innovation as GITEX Nigeria Opens

      Members of National Regional Development

      FG Inaugurates Boards, Management Teams of Three Regional Development Commissions

      Trade Facilitation: Nigeria Customs, NACCIMA Strengthen Partnership

  • National
    • IG Deploys FPRO Adejobi to Delta State Command

      President Bola Ahmed Tinubu

      Tinubu Orders Mandatory Health Insurance Implementation Across MDAs

      Maj-Gen. Adamu Laka. image. Google

      Nigeria Records 775 Terrorism Convictions in Eight Phases of Trials –…

      Customs Generates N3.7trn in H1 2025 as FG Targets Enhanced Private…

      Her Child Nearly Died Because She Skipped a Vaccine By Hafsat…

    • Government
      • President Bola Ahmed Tinubu

        Tinubu Orders Mandatory Health Insurance Implementation Across MDAs

        Customs Generates N3.7trn in H1 2025 as FG Targets Enhanced Private…

        New Education Curriculum: Full List of JSS, SS Subjects

        Tinubu Orders Overhaul of Katsina Security Operation, Hints at State Police

        Minister of Interior Olubunmi Tunji-Ojo

        Eid-ul-Maulud: FG Declares Friday Public Holiday

  • Security
    • IG Deploys FPRO Adejobi to Delta State Command

      Maj-Gen. Adamu Laka. image. Google

      Nigeria Records 775 Terrorism Convictions in Eight Phases of Trials –…

      Customs Generates N3.7trn in H1 2025 as FG Targets Enhanced Private…

      Chairman of the National Steering Committee of the Partnership Against Violent Extremism (PAVE) Network, Jaye Gaskia,

      Nigeria Needs Peace Education, Community Investment to Tackle Extremism – PAVE…

      Military Troops during operations

      Security Forces Destroy IPOB/ESN Camp in Anambra Intelligence-led Operation

  • Features
    • Her Child Nearly Died Because She Skipped a Vaccine By Hafsat…

      Nasir Ahmad El-Rufai

      El-Rufai and the Politics of Shifting Loyalties, by Kabir Akintayo

      VIP Convoys and the Tragedy of Everyday Nigerians By Kabir…

      The Arrest of Ansaru Kingpins Mahmud Muhammad Usman aka Abu Bara’a, and Mahmud al-Nigeri aka Mallam Mamuda

      Nigeria’s Giant Leap Against Terrorism and the Fall of Ansaru Leaders,…

      Gen. Christopher Gwabin Musa CDS

      CDS Musa Launches Operation Enduring Peace, Tasks Troops to ‘Win Peace,…

  • State
    • IG Deploys FPRO Adejobi to Delta State Command

      Military Troops during operations

      Security Forces Destroy IPOB/ESN Camp in Anambra Intelligence-led Operation

      court Judiciary

      DSS Arraigns 9 Suspects over Benue, Plateau Killings

      Military Troops during operations

      Troops Eliminate Bandits, Recover Rustled Cattle in Kaduna

      NPF Headquarters Bompai Kano

      Kano Police Bust Kidnap Syndicate, Arrest Suspects

  • Event
    • Vice President Kashim Shettima and President Bola Ahmed Tinubu

      Shettima at 59: Tinubu Hails VP’s Loyalty, Commitment to Service

      Erasmus Ikhide damaged Vehicle and Dangote Cement Truck

      Erasmus Ikhide Narrowly Escapes Death in Collision with Dangote Truck

      Supporters of Senator Shehu Buba

      PHOTOS: Bauchi Constituents Rally APC to Draft Senator Buba for 2027…

      The authors and their books

      PHOTOS: NIPR Hails Latest PRNigeria Books at Economic Confidential Lecture

      Alh. Yushau Shuaib, Brig Gen. (rtd) Chris Olukolade and Mallam Kashifu Inuwa

      NITDA, IMPR Spotlight AI as Driver of Nigeria’s Digital Future at…

    • PR Nigeria Award
  • E-Paper
Home Economy FOREX: EFCC raids Bureaux de Change as naira dips against dollar
  • Economy

FOREX: EFCC raids Bureaux de Change as naira dips against dollar

By
Prnigeria
-
July 30, 2022
EFCC
EFCC Operatives

FOREX: EFCC raids Bureaux de Change as naira dips against dollar

Against the backdrop of continued Naira free fall, Operatives of the Economic and Financial Crime Commission (EFCC) had on Friday raided Wuse Zone 4, home to most bureaux de change in Abuja.

The raid, conducted on other locations across the country, was undertaken days after the CBN blamed currency speculators of exacerbating the crash of the naira against the dollar and other foreign currencies.

A source at the commission confirmed that the raid was a product of weeks of covert operation.

“The idea is to dislodge currency speculators who are massively mopping up all available foreign currencies.

Read Also:

  • IG Deploys FPRO Adejobi to Delta State Command
  • Tinubu Orders Mandatory Health Insurance Implementation Across MDAs
  • Nigeria Records 775 Terrorism Convictions in Eight Phases of Trials – Gen. Laka

“The raid was a product of weeks of surveillance where agents of the EFCC monitored the activities of most of the bureaux de change operators in the Wuse 4 axis,’’ he said.

According to the source, enough intelligence was gathered that some people with massive naira inflow had mobilised resources and are buying up available foreign currency, especially the dollar.

“Similar operation has also been carried out at major airports in the country.

“It’s a nationwide co-ordinated operation and will be extended to major commercial cities of Kano, Lagos and Port Harcourt,’’ the source added.

Efforts to get official confirmation on the raid from EFCC spokesperson, Mr Wilson Uwujaren were not successful as his phone was switched off.

By PRNigeria

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • Dollar
  • Economic Financial Crimes Commission (EFCC)
  • Naira
Previous articleMuharram 1444: Some Reflections on the Significance of Hijrah by Dr Abdulhameed Badmas
Next articleDanbatta tasks stakeholders on promoting Nigeria’s indigenous telecommunications sector
Prnigeria
Prnigeria

RELATED ARTICLESMORE FROM AUTHOR

Customs Generates N3.7trn in H1 2025 as FG Targets Enhanced Private Sector Growth

Nigerian Police Force

Anambra Police Foil Lynching of Murder Suspect, Launch Full Investigation

Maj-Gen. Adamu Laka. image. Google

NCTC Urges Forensic and Non-Military Strategies in Regional Fight Against Terrorism

Tinubu Orders Overhaul of Katsina Security Operation, Hints at State Police

Customs Gets 4 New Deputy Comptrollers-General, 12 ACGs, Promotes 3,312 Officers

Tinubu Reverses NTA Shake-Up, Recalls DG Salihu Dembos, Executive Director of News

Troops Neutralize Dozens of Terrorists, Arrest Logistics Suppliers in North-East Offensives

President Tinubu and VP Shettima

The Politics and Tinubu’s Wishes to Shettima

The rescued abducted women and children

Troops Eliminate Terrorists, Rescue 9 Abducted Women, Children in Sokoto, Zamfara

DG NITDA Inuwa Kashifu at the GITEX Nigeria

Sanwo-Olu, Tijani, Kashifu Urge Digital Innovation as GITEX Nigeria Opens

PRNigeria logo fearured image

Media, Civil Society Push for Stronger Role in Countering Violent Extremism

Gunrunners

Katsina Police Intercept 2 Gunrunners, Seize, Firearms, Ammunition

Recent Posts

  • IG Deploys FPRO Adejobi to Delta State Command
  • Tinubu Orders Mandatory Health Insurance Implementation Across MDAs
  • Nigeria Records 775 Terrorism Convictions in Eight Phases of Trials – Gen. Laka
  • Customs Generates N3.7trn in H1 2025 as FG Targets Enhanced Private Sector Growth
  • Her Child Nearly Died Because She Skipped a Vaccine By Hafsat Ibrahim
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
IG Deploys FPRO Adejobi to Delta State CommandTinubu Orders Mandatory Health Insurance Implementation Across MDAsNigeria Records 775 Terrorism Convictions in Eight Phases of Trials - Gen. LakaCustoms Generates N3.7trn in H1 2025 as FG Targets Enhanced Private Sector GrowthHer Child Nearly Died Because She Skipped a Vaccine By Hafsat IbrahimNigeria Needs Peace Education, Community Investment to Tackle Extremism – PAVE Network New Education Curriculum: Full List of JSS, SS SubjectsSecurity Forces Destroy IPOB/ESN Camp in Anambra Intelligence-led OperationDSS Arraigns 9 Suspects over Benue, Plateau KillingsAnambra Police Foil Lynching of Murder Suspect, Launch Full InvestigationFG Reaffirms Non-Interference in ICPC, EFCC OperationsEl-Rufai and the Politics of Shifting Loyalties, by Kabir AkintayoCourt Voids Military’s 15-Year Mandatory Service Rule Before ResignationsNCTC Urges Forensic and Non-Military Strategies in Regional Fight Against TerrorismTroops Eliminate Bandits, Recover Rustled Cattle in Kaduna
X whatsapp