EFCC Arrests Thirteen Fake BDC Operators In Lagos

EFCC Arrests Thirteen Fake BDC Operators In Lagos

Operatives from the Lagos Zonal Command of the Economic and Financial Crimes Commission (EFCC) have arrested thirteen individuals posing as Bureau-de-Change operators in Lagos…..read also EFCC Files Fresh Charges Against Sirika, Brother Over Alleged N19.4bn Fraud

In a statement released on Wednesday, May 15, the EFCC revealed that the suspects were operating without appropriate licenses. The arrested individuals are 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.

Additionally, Kafayat Lateef, a suspected currency racketeer, was arrested for allegedly selling Naira notes in various denominations.

“They were arrested during sting operations by EFCC’s operatives between May 10 and 13, 2024, in different parts of Lagos, following credible intelligence received by the Commission about their illicit business activities,” the statement read in part.

A sum of N2,100,000 was recovered from Kafayat Lateef at the point of her arrest. The EFCC indicated that the suspects will be charged in court as soon as investigations are concluded.