Metro
EFCC Raids Abuja Bureau De Change Operators, Arrest 50
Published
3 months agoon
By
EditorOperatives of the Economic and Financial Crimes Commission on Monday raided some Bureau de Change operators at the Wuse Zone 4 area of Abuja on Monday.
They were said to have arrested about 50 illegal operators.
Against the backdrop of the falling value of the naira, the EFCC had raised a Special Task Force across its commands, to clamp down on individuals mutilating the Naira and dollarising the Nigerian economy.
This was contained in a statement by the EFCC spokesperson, Dele Oyewale, on Wednesday, February 7, 2024.
“The EFCC has raised a Special Task Force in all its zonal commands for the enforcement of extant laws against currency mutilation and dollarisation of the economy.
READ ALSO: BREAKING: EFCC Operatives Allegedly Arrest FUTA Students In Midnight Raid
“The task force, inaugurated by the Executive Chairman of the commission, Ola Olukoyede, was raised to protect the economy from abuses, leakages, and distortions exposing it to instability and disruption”, the statement read.
A Bureau de Change operator, Dayyabu Mistila, who confirmed the raid and subsequent arrest to newsmen, stated that the operatives said the raid was because of the rising exchange rate of the dollar and other currencies against the naira at the forex market.
“Around 3 pm on Monday, officers of the EFCC raided Wuse Zone 4 and arrested over 50 of our members. They were complaining that BDC operators are responsible for the rising exchange rate of the dollar at the parallel exchange market ” he said.
READ ALSO: EFCC Arraigns Ex-banker, One Other For N110m Fraud
While official FMDQ data showed that the naira dropped to N1,574.62 per dollar on Monday, Mistila confirmed that they exchanged a dollar for N1,660.
A viral video showed the moment the EFCC operatives stormed the BDC and shot in the air to disperse the operators who attempted to surround them.
As of the time of filing this report, spokesperson for the EFCC, Dele Oyewale, could not be reached on the telephone for comment.
You may like
EFCC Stops Dollar Transactions, Asks Embassies To Charge In Naira
Edo Ranked 2nd In Crime Index, EFCC Laments, Wants Journalists, Public Cooperation
EFCC Trial: ‘Even The Prophets Went To Prison’ – Buhari’s Minister Comforts Self In Court
Ex-Rep Drags Wabote To EFCC Over Disbursement Of Funds For NCDMB Projects In Bayelsa
N2.7bn Fraud: EFCC Arraigns Ex-aviation Minister Daughter Thursday
Naira Abuse: Trouble Looms As Group Petitions EFCC, Wants Edo APC Candidate Prosecuted
Metro
Customs Intercept N8.7m Smuggled Petrol En Route Benin Republic
Published
11 hours agoon
May 12, 2024By
EditorOfficers of the Nigeria Customs Service, Western Marine Command, have intercepted 12,500 litres of Premium Motor Spirit known is petrol worth N8,750,000 along the Isalu Creek Badagry Waterway en route to Benin Republic.
According to a statement and pictures shared on X.com by the NCS on Sunday, the Customs Area Controller, Comptroller Paul Bamisaiye, revealed this at the command’s headquarters on Friday.
The statement partly read, “At about 2330hrs on Wednesday, 8 May 2024, while on joint patrol based on credible intelligence, we received the movement of two boats laden with what was suspected to be petroleum products concealed in sacks. Upon receipt of the information, the team moved into Isalu Creeks Badagry Waterway.
READ ALSO: Nine-year-old Stabs Pupil,10, To Death On While Returning From School In South Africa
“The Customs Area Controller stated that careful examination of the seizure at the Command Headquarters revealed ‘177 sacks and 61 kegs of 25 Litres Premium Motor Spirit (PMS) containing 12,500 Liters with a total Duty Paid Value standing at N8,750,000.”
Bamisaiye was reported to have warned smugglers to desist from their acts or risk arrest, stating that the action of the smugglers contravenes Sections 245 and 254 of the Nigeria Customs Service Act 2023.
READ ALSO: Customs Intercepts N10m Worth Petrol En Route Cameroon Illegally
He was quoted as saying, “There’s a strong warning to the economic importance of this kind of seizure at a time of fuel scarcity cannot be over-emphasised.
“People are suffering due to artificial scarcity, but they are busy smuggling these products outside the country to make money. It’s either they stop this act, or we continue to arrest them. We have zero tolerance for this act.”
Similarly, the Adamawa/Taraba Area Command of the NCS said it also intercepted 12,435 litres of PMS worth N10.8 million being illegally exported to Cameroon.
Metro
Customs Intercepts N10m Worth Petrol En Route Cameroon Illegally
Published
12 hours agoon
May 12, 2024By
EditorThe Nigeria Customs Service, Adamawa/Taraba Area Command, has said it intercepted 12,435 litres of Premium Motor Spirit worth N10.8m being illegally exported to Cameroon.
In a statement on Saturday, the command said that the PMS was intercepted within two weeks.
The command added in the statement said the product was packed in 491 jerrycans, 25 litres each and eight jerrycans 20 litres each.
The Customs Area Comptroller in charge of the command, Garba Bashir, explained that the PMS was intercepted alongside the means of conveyance.
READ ALSO: Tinubu Bows To Pressure, Orders CBN To Suspend Implementation Of Cybersecurity Levy
“The officers, while on anti-smuggling operations along the command frontiers within two weeks, recorded five incidents of interception of premium motor spirit on its way to the neighbouring country, Cameroon
“The petrol and the means of conveyance were valued at NN10.8m,” he said.
The CAC stated that no suspect was arrested, adding that the perpetrators abandoned the items and absconded in an attempt to avoid arrest.
Bashir added that the seizures of the items were in line with sections 150 and 248 of the Nigeria Customs Service Act 2023, “and considering the facts that the command’s territorial borders are officially closed.”
READ ALSO: Money Laundering: More Trouble For Binance As Canada Fines Crypto Giant $4.38m
He stated that the petrol had been auctioned due to its inflammable nature.
He added that smuggling activities have done more harm than good to the nation.
“It hinders our national growth, strangles our trade policies with regards to revenue, foreign investment, preservation of domestic trade and growth, food security, and public security,” Bashir said.
“We want to unwaveringly tell the smugglers that our operatives are strategically repositioned along the borderlines to fasten their exit out of this illicit business,” he added.
He solicited the support of the border communities in the fight against smuggling.
The Adamawa/Taraba Area Command, Yola, of the NCS is one of the commands under Zone B Customs, headquartered in Kaduna.
A young man identified as Khalid Bichi, was on Friday night, May 10, shot dead by yet to be identified persons.
According to reports, Khalid was trailed by the men who shot him dead in the Maitama area of Abuja
The deceased was a staff of FIRS with social media X handle @Khalid_Bichi, was on his way to get food when the unfortunate incident happened. He was rushed to Maitama General Hospital where he eventually died.
READ ALSO: Govt Announces Six-month Traffic Diversion On Lagos Roads
Confirming the incident to LIB, the spokesperson of the command, SP Josephine Adeh, said the matter is currently being investigated and that efforts are being made to apprehend the killers.
Obasanjo To Adeleke: Keep The Dancing Spirit, Deliver On Infrastructure
Nigeria Medical Association Gets New President
Hunters Rescue Baby Buried Alive In Benue
Trending
- News4 days ago
The New Masquerade’ Actress, Ovularia Is Dead
- News4 days ago
BREAKING: Rivers State House Of Assembly Gets New Speaker
- Business4 days ago
FULL LIST: CBN Publishes List Of Licensed Deposit Money Banks
- News4 days ago
Father Of 12 Found Dead Inside Brothel In Bayelsa
- Metro4 days ago
Edo: Police Patrol Van Pursuing ‘Yahoo Boys’ Rams Into Motorcycle Convening Passenger
- Politics1 day ago
Rivers Crisis: Why Gov Fubura Got Into ‘Trouble’ – Secondus
- News3 days ago
VIDEO: Nigerian Man Exhumed After Completing 24-hour Buried Alive Challenge
- Metro1 day ago
Kogi University Lecturer Stripped Over Alleged Sexual Harassment
- News3 days ago
Nigerian’s Request To Be Buried Alive For 24 Hours Causes Stir Online [VIDEO]
- News4 days ago
Nigerian Emerges First Black Woman To Bag PhD In Robotics At Michigan Varsity