The Economic and Financial Crimes Commission (EFCC) has
announced the seizure of large foreign currencies from Nigerians at airports.
Director of Operations, Abdulkarim Chukkol made the
revelation on the Good Morning Nigeria programme on NTA.
Chukkol said money laundering was the reason some Bureau De
Change (BDC) operators were recently arrested in Lagos and Abuja.
The official assured that the commission would continue with
its efforts to clean up the foreign exchange sub-sector.
Chukkol said the raid of currency speculators in the
parallel market was not indiscriminate but a product of intelligence.
The director stressed that forex manipulation was a major
economic crime against the Nigerian state.
The EFCC said it had been deploying agents to airports for
over a decade to stop bulk cash movement out of the country.
“Many arrests of cash smugglers have been made and humongous
sums in foreign currencies recovered.
“Some were arrested with excess of $6million, others with
$2million.
“We know these huge sums were not meant to be used in buying
goods but stolen monies being laundered.”
Chukkol confirmed that the EFCC secured the forfeiture of
the monies to the federal government and prosecuted the culprits.
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