• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
  • Security
  • Features
  • State
  • Event
  • E-Book
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
  • Fact-Check
  • Economy
  • National
  • Security
  • Features
  • State
  • Event
  • E-Book
Home Economy EFCC Meets BDC Operators, To Clamp Down on Forex Hoarders in Major...
  • Economy

EFCC Meets BDC Operators, To Clamp Down on Forex Hoarders in Major Cities

By
Wilson Uwujaren
-
August 5, 2022

EFCC Meets BDC Operators, To Clamp Down on Forex Hoarders in Major Cities

As part of its ongoing efforts to check the rising incidence of foreign exchange speculation which has brought pressure on the value of the Naira, the Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa today, August 5, 2022, met with representatives of Bureau de Change Operators in the Federal Capital Territory.

Read Also:

  • Nigerian Police Secure Conviction of 59 Foreign Cyber Criminals in Major Crackdown
  • PSC Promotes Over 400 Officers, Appoints New DIG for N’East
  • Aisha Babangida Seeks Actionable Gender Reforms, as Women Entrepreneurs Share ₦10m WenA Awards

Bawa said he called the meeting to fashion out a collaborative stakeholders response to brazen foreign exchange speculation especially at the parallel market which is hurting the country’s monetary policy by instigating a run on the value of the Naira. The operators who thanked the EFCC for the invitation, expressed optimism that the Naira’s rebound, which began after the EFCC’s intervention a few days ago, may eventually see the currency return to its pre-speculation value.

Similar meetings are planned for other Bureau de Change operators in the major commercial cities across Nigeria as well as with key players, regulators and operators of the Nigerian Financial Sector.

Bawa who also disclosed that the Commission has intelligence linking some persons and organizations to the hoarding of foreign currencies especially the United States Dollars in the key commercial cities of Kano, Lagos, Port Harcourt, Enugu and Calabar, however warned those involved to desist or risk arrest as a major offensive against the speculators is under way.

Wilson Uwujaren
Head, Media & Publicity
5 August, 2022

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
  • BDC
  • Economic Financial Crimes Commission (EFCC)
  • FOREX
Previous articleNigerian Colonel Bags Brazilian Govt Award at NDC Course 30 Graduation
Next articleICPC not at liberty to disclose investigative activities – Chairman
Wilson Uwujaren
Wilson Uwujaren

RELATED ARTICLESMORE FROM AUTHOR

L-R: Partner Seismic Consultant, Dr Olusoji Adeniyi; Senior Special Assistant to the President on Entrepreneurship Development, Chalya Shagaya; Founder of Women Enterprise alliance (WenA), Her Excellency Hajia Aisha Babangida; Head Fiscal and Tax Reforms Implementation FIRS, Olufemi Olarinde; during the 5th WenA Conference in Abuja.

Aisha Babangida Seeks Actionable Gender Reforms, as Women Entrepreneurs Share ₦10m WenA Awards

The Director of Defence Media Operations, Major-General Markus Kangye,

How Troops Crippled Terrorists, Bandits, and Oil Thieves in Nationwide Operation

Bayo Onanuga

ANALYSIS: What Is the Job of a Presidential Spokesman?

Military troops

Troops Eliminate Armed Criminal in Benue, Nab Gunman at Nasarawa Market

CG Customs Bashir Adewale Adeniyi

Customs Tasks New Comptrollers on Discipline, Innovation

Irabor's book on Boko Haram

Irabor’s Scars on Northern Boko Haram and the Dead Horse Theory by YAShuaib

Scars: Nigeria’s Journey and the Boko Haram Conundrum

Gen. Irabor’s Book Exposes Boko Haram’s Sexual Violence Tactics and Drug Use

NDLEA Logo

NDLEA Operatives Nab Businessman After Excreting 127 Wraps of Cocaine at Kano Airport

Nigerian Youths

Foreign Hands and the Dangerous Narratives Hurting Nigeria, By Mukhtar Ya’u Madobi

Scars: Nigeria’s Journey and the Boko Haram Conundrum

In Scars, Gen. Irabor Chronicles the Human Toll of Boko Haram: 2,700 Soldiers and 350,000 Lives Lost

Nigeria Customs Service Warns Public Against Fake Recruitment Shortlist

Troops Crush Terrorist Attack in Ngamdu, Kill Several Insurgents

Recent Posts

  • Nigerian Police Secure Conviction of 59 Foreign Cyber Criminals in Major Crackdown
  • PSC Promotes Over 400 Officers, Appoints New DIG for N’East
  • Aisha Babangida Seeks Actionable Gender Reforms, as Women Entrepreneurs Share ₦10m WenA Awards
  • CDS Hails DEPOWA’s Grassroots Sports Drive, Calls It Seedbed for Future Champions
  • How Troops Crippled Terrorists, Bandits, and Oil Thieves in Nationwide Operation
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Nigerian Police Secure Conviction of 59 Foreign Cyber Criminals in Major CrackdownPSC Promotes Over 400 Officers, Appoints New DIG for N'EastAisha Babangida Seeks Actionable Gender Reforms, as Women Entrepreneurs Share ₦10m WenA AwardsCDS Hails DEPOWA’s Grassroots Sports Drive, Calls It Seedbed for Future ChampionsHow Troops Crippled Terrorists, Bandits, and Oil Thieves in Nationwide OperationProtest Will Jeopardize Peace Efforts for Kanu’s Freedom, Igbo Leaders WarnMilitary Arrests IPOB Female Logistics Supplier in Abia, Rescues 30 Hostages NationwideMilitary Neutralizes Armed Criminal in Benue, Arrest Suspected Gunrunner in NasarawaEXPLAINER: The Truth Behind NDLEA’s Position on Cannabis Oil By Arafat A. AbdulrazaqNigeria Wins Two Major Global Awards for Digital Governance at OGP Summit in SpainPolice Arrest 11 Suspected Armed Robbers Along Katsina–Kano HighwayNnamdi Kanu Fit to Face Trial — NMA Tells CourtSenate approves appointment of Amupitan as INEC chairNSCDC Foils Kidnap Attempt on Customs Officer, Eliminates 2 Suspects, Arrests OthersANALYSIS: What Is the Job of a Presidential Spokesman?
X whatsapp