Operatives of Kano State Police Command, in a joint operation with personnel from the Economic and Financial Crimes Commission (EFCC) and the Nigeria Customs Service, conducted raids on various locations involved in forex transactions within the state....READ FULL ARTICLE

The operation, executed on February 21, 2024, at approximately 1100hrs, targeted several identified spots including Wappa Bureau De Change in Fagge LGA, Behind CBN Office in Nassarawa LGA, Central Hotel on Bompai Road in Nassarawa LGA, Ashton Road, Mallam Aminu Kano International Airport (MAKIA), Kofar Ruwa Motor Park in Dala LGA, and Dawanau International Grains Market in Dawakin Tofa LGA.

Related Post  Fubara: Secondus tackles Wike, calls him pathological liar, mastermind of outright falsehood

Thirty-one individuals were apprehended during the operation, with twenty-two being screened out due to lack of evidence. The remaining nine suspects were found in possession of various currencies and equipment, including $38 USD, CFA 113 Nigerien Currency, Cairo 4,810 Egyptian Pounds, Birr 200 Ethiopian Currency, a POS machine, and two mobile phone devices (Infinix Android & Techno Keypad). The nine arrested suspects were subsequently charged to Court 70 Normandsland Kano for prosecution.

Related Post  They left her phones, laptop and emptied her kitchen – Activist narrates how robbers invaded woman's house in Delta state, stole pots of soup, stew, beverages

The crackdown aimed to stabilize the foreign exchange market by targeting illegal activities while distinguishing between legitimate Bureau de Change operators and illicit forex traders.

Commissioner of Police, CP Mohammed Usaini Gumel, FIPMA, psc, commended the collaborative efforts of the Nigeria Police Force, EFCC, and Nigeria Customs Service for their dedication and cooperation in ensuring the success of the operation. CP Gumel emphasized the intolerance towards illegal financial activities and urged all individuals and businesses within the financial sector to operate within the confines of the law, obtain necessary licenses, and avoid unwholesome practices. The Commissioner reiterated the commitment to creating a transparent and accountable financial environment for all residents in Kano State.…READ FULL ARTICLE

Related Post  BREAKING NEWS - EFCC To Freeze 1,146 Bank Accounts Over ‘Unauthorised Foreign Exchange’ Transactions

Be the first to comment

Leave a Reply

Your email address will not be published.