Breaking: EFCC storm Kano forex market, arrests BDC Operators

At least eight Bureau de Change (BDC) operators have been arrested following the Economic and Financial Crimes Commission (EFCC) raid on Wapa forex market in Kano.

Daily Trust reports that operatives of the Kano command of the anti-graft agency stormed the forex market Tuesday evening with about eight vehicles and heavily armed personnel, a situation which threw the market into a pandemonium.

This came after marketers in Kano said they heard that the anti-graft agency had earlier swooped on their colleagues in Abuja arresting some in relation to the recent hike in dollar at parallel markets.

One of the marketers, who asked not to be named, said before the operatives of the EFCC stormed the market late Tuesday, some of his colleagues had partially closed their shops because of the development in Abuja and as such when the operatives stormed the market, many of them quickly shut down and ran out of the market.