The Economic and Financial Crimes Commission (EFCC) has arrested over 200 suspects in connection with foreign exchange scams and manipulation of the financial markets.
The arrested BDC operators are in EFCC custody across the country.
In a report on Thursday, The PUNCH said sources privy to the development revealed that the suspects were arrested for forex scam and currency speculation in various states across the country.
It quoted another source to have also confirmed the arrest of the 200 people for foreign exchange scam and manipulation of the financial markets; and that they are all being interrogated by investigators to determine the degrees of their involvements.
The source said most of them were arrested in Abuja, Lagos, Rivers, and Kano States.
A third source stated that the clampdown on the forex scammers would yield positive results.
