Home News Police Raid Abuja Market, Arrest BDC Operators as Naira Declines Against Dollar
News

Police Raid Abuja Market, Arrest BDC Operators as Naira Declines Against Dollar

401

The Nigerian police raided the Wuse Zone 4 Bureau de Change (BDC) hub in Abuja on Monday, arresting several operators as the naira continued its steep decline against the dollar, trading at N1,600.

The raid occurred around 4 p.m. and involved a police van filled with armed security operatives arriving at the bustling market.

Witnesses reported that numerous BDC operators were detained and held in the van, although the specific reasons for their arrest remained unclear.

The raid comes amid ongoing concerns over the naira’s free fall.

Recall that the Economic and Financial Crimes Commission (EFCC) had conducted similar raids on the Abuja BDC market to stabilise the currency’s value.

 

Read: Libya’s Central Bank Resumes Operations After Kidnapped Official Freed

Nigerian Nurses Trapped As Continued NMCN Portal Closure, Harsh Verification Policies Block Overseas Opportunities

Days After Condemning Killing of Peaceful Protesters, Police Summon NLC President Over’ Terrorism Financing, Subversion, Cybercrime’

About The Author

Related Articles

national Steering Committee
NewsTechnology

Mali Raises $56M from Telecom Taxes, Channels Bulk Toward Power Supply Upgrades

The Government of Mali has announced that a total of 34 billion...

News

Ghana’s Foreign Minister Debunks “Igbo Kingdom in Ghana” Claim, Calls for Pan-African Solidarity

Ghana’s Minister for Foreign Affairs, Sam Ablakwa has officially debunked viral claims...

News

Burundi’s President Ndayishimiye Appointed as African Union Special Envoy for Sahel Region

The Chairman of the African Union (AU), H.E. João Lourenço, has appointed...

News

Burkina Faso’s August 4 Stadium Reopens After Major Renovation and CAF Reaccreditation

After four years of absence from the international football scene, Burkina Faso...