Police Raid Abuja Market, Arrest BDC Operators as Naira Declines Against Dollar
Oluwasegun SanusiAugust 20, 20241 Mins read385 
The Nigerian police raided the Wuse Zone 4 Bureau de Change (BDC) hub in Abuja on Monday, arresting several operators as the naira continued its steep decline against the dollar, trading at N1,600.
The raid occurred around 4 p.m. and involved a police van filled with armed security operatives arriving at the bustling market.
Witnesses reported that numerous BDC operators were detained and held in the van, although the specific reasons for their arrest remained unclear.
The raid comes amid ongoing concerns over the naira’s free fall.
Recall that the Economic and Financial Crimes Commission (EFCC) had conducted similar raids on the Abuja BDC market to stabilise the currency’s value.
Read: Libya’s Central Bank Resumes Operations After Kidnapped Official Freed
About The Author
Related Articles
Tinubu Government Delays Release of Signed Tax Acts to the Public
Four days after President Bola Tinubu announced the signing of four tax...
As Tinubu Urges Africa-Caribbean Unity in Saint Lucia, Over 272 Nigerians Killed in June Alone
While Nigerians deal with deadly violence, worsening hunger, and mass flooding, President...
You Can’t Tax a Dead Economy: Nigeria Is Suffocating Under Its Own Policies
As Nigeria’s Central Bank clings to its benchmark interest rate of 27.5...
“Wike is Not a Blessing to Us, He’s a Disaster” — Workers Protest in Nigeria’s Capital Over Unpaid Wages, Poor Working Conditions
Staff members of the Federal Capital Territory Administration (FCTA) in Abuja barricaded...