As the Naira continues its unstoppable downward spiral, operatives of the Economic and Financial Crimes Commission (EFCC) on Friday raided the Wuse Zone 4 bureau de change centre in Abuja.
It is unclear if the action has the blessings of the governor of Central Bank of Nigeria (CBN), Godwin Emefiele, but the raid caused a level of panic in the area, a situation which was made worse by the insecurity in the Federal Capital.
The CBN governor, had earlier in the year blamed Aboki FX, an online real time forex calculator for the fall of the naira, however, the fate of the currency had gotten worse since the website had been shut.
It was learnt that the operatives raided the speculators for allegedly hoarding foreign currencies, thereby causing artificial scarcity and a naira devaluation.
Sources within the agency confided in the Punch: “The raid is a product of weeks of surveillance in which agents of the EFCC have been monitoring the activities of most of the bureau de change operators in the Wuse 4 axis.
“The anti-graft agency is working on intelligence that some forces with massive naira inflow have mobilised resources and, are busy buying up available foreign currencies especially the US Dollar, to either hoard or smuggle the same put of Nigeria.”
It was also learnt that some operatives of the commission had been deployed at the Murtala Muhammed International Airport, Lagos and the Nnamdi Azikiwe International Airport, Abuja as part of a coordinated operation to halt the activities of currency speculators.