Operatives of the Economic and Financial Crimes Commission (EFCC) have raided one of the hotspots for most bureau de change operators in Wuse Zone 4, Abuja.
The antigraft anti-graft agency reportedly raided the spot on Friday, July 29 after receiving intelligence that some forces with massive naira inflow have mobilized resources and are busy buying up available foreign currencies especially the United States dollar, to either hoard or smuggle the same out of Nigeria.
Some EFCC operatives have also been spotted at major airports in the country, in what a source said is a coordinated nationwide operation that will be extended to all the major commercial cities such as Kano, Lagos, and Port Harcourt.
This development comes even as the Naira continues to depreciate in the parallel market.
As of today, the Naira exchanges for over N700 to a dollar.