On Monday, operatives of the Economic and Financial Crimes Commission (EFCC) battled forcefully with Bureau De Change operators in Wuse Zone 4, Abuja, Federal Capital Territory.

According to reports, the BDCs were ordered to close in order to save face and stop the naira’s wild fall.

The naira has further devalued to almost N1,700 to the dollar and N2,100 to the British pound.

It was learnt that the EFCC used firearms to force the BDC operators to halt selling, resulting in the firing of bullets.

Recall that earlier in February, Bola Tinubu’s government was behind the shutting down of Bureaux De Change in Abuja.

According to sources, Tinubu’s government had directed Nigeria’s secret police, Department of State Services (DSS) to force the BDCs to close down to save face over the free fall of the naira.

It was learnt that the DSS subsequently took over the market amid the government’s frantic effort to stabilise the naira and save face.

Nigeria’s naira had dropped to a record low against the dollar on the official market.

The Abuja chapter of the Association of Bureau De Change (BDC) Operators earlier announced the closure of their business premises indefinitely.

Abdulahi Dauran, its chairman blamed it on the scarcity of US dollars which he said was compounded by online banking and cryptocurrency transactions. However, the association was compelled to shut down indefinitely.




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