Police And EFCC Personnel Raid Bureau De Change Offices In Ibadan

Posted by Lawal Munirst on February 22, 2024 0

The raid comes amidst growing concerns over the depreciation of the Nigerian naira, which hit record lows against major foreign currencies, including the dollar.

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The Nigerian Police Command, in collaboration with the Economic and Financial Crimes Commission (EFCC) on Wednesday, February 21, raided some Bureau De Change (BDC) outlets in the Sabo area in Ibadan, Oyo state.

Sabo, a prominent district in Ibadan, the capital of Oyo State, serves as a central hub for currency exchange activities in the region.

Videos circulated on social media showed the dramatic scene as armed security personnel and their convoy moved around the bustling Sabo road.

The raid comes amidst growing concerns over the depreciation of the Nigerian naira, which hit record lows against major foreign currencies, including the dollar.

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