Operatives from the Lagos Zonal Command of the Economic and Financial Crimes Commission (EFCC) have apprehended thirteen individuals masquerading as bureau de change operators in Lagos. These individuals were taken into custody for engaging in BDC activities without the requisite licensing.
The arrested suspects include: Abdulahi Musa, Garba Abdullahi, Dauda Hussaini, Jubril Musa, Abdulwaheed Iliyasu, Abubakar Mohammed, Umar Saidu, Nurudeen AbdulAzeez, Hamidu Usman, Yusuf Isa, Musa Ishaka, Liman Makki, and Idris Mohammed. Their apprehension took place during meticulously planned sting operations conducted by EFCC operatives between May 10 and 13, 2024, across various locations in Lagos, following actionable intelligence received by the Commission regarding their unlawful financial activities.
Additionally, a suspected currency racketeer by the name of Kafayat Lateef was also detained on suspicion of being involved in the illicit trade of Nigerian currency notes of various denominations. Upon her arrest, a total of N2.1 million in cash was seized from her possession. A statement issued by EFCC Spokesman, Dele Oyewale, indicated that the arrested individuals will face legal charges once the investigative process reaches its conclusion.
