The Economic and Financial Crimes Commission (EFCC) has reported the arrest and conviction of 23 illegal Bureau De Change (BDC) operators and naira racketeers in the past month, with a total of 170 suspects arrested and charged for similar offenses.
The EFCC Special Task Force also apprehended 116 illegal BDC operators and currency speculators in Enugu State during a major crackdown.
During the operation in Enugu, the EFCC recovered a significant amount of various currencies, including N110.7 million, $8,368.00, £145.00, €2,725, 900 South African Rand, 32,000.00 CFA, 100 Turkiya, and 500 Bank Mozambique currencies.
The EFCC also mentioned the assistance of international law enforcement agencies, such as the International Criminal Police Organisation, the United States’ Federal Bureau of Investigation, the governments of the United Kingdom, Northern Ireland, and Kenya, in the ongoing extradition process of a Binance Holding Limited’s executive, Nadeem Anjarwalla, over an alleged $35,400,000 money laundering investigation.
