The Economic and Financial Crime Commission (EFCC) continued their onslaught on Wednesday, storming the Kano Wapa forex market and picked up eight Bureau de Change (BDC) operators.
The operatives in about eight vehicles and heavily armed personnel, stormed the market in the evening causing pandemonium.
On Tuesday, the EFCC men stormed Zone 4, Abuja hub BDC market, but met resistance from the hundred operators, causing commotion in the area.
One of the marketers in Wapa, Kano, explained that before the arrival of the operatives at the market late Tuesday, some of his colleagues had partially closed their shops because of the development in Abuja, adding that by time the operatives arrived, many shops were already closed and operators ran out of the market.
Another operator explained that the development has made many of them to stay away from the market pending when things normalize.
Tate operator who would not give his name revealed that the EFCC has always raided the market, adding that after any raid, the price of dollar will rise. For instance, today (Wednesday) a dollar is N845 as against N835 it was being sold yesterday (Tuesday) before the EFCC raided us.
“In fact, last week we were selling it at N750 but before the end of the week, it went up to N780. Problem is that it is because the government is not releasing dollars. The hike is not our fault. We buy expensive, so we have to sell it in a way to make a little profit,” the marketer said.
