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Crime Updated: March 01, 2024

Edo: Police nab 10 illegal forex operators

By Rasheed Olajide Awoniyi
March 01, 2024
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Ten unlicensed Bureau de Change operators, often known as forex operators, have been placed under arrest by Edo State Police Command officers. 

In an interview with reporters on Thursday in Benin City, State Police Commissioner Funsho Adeboye clarified that the command had only detained unauthorised Bureau de Change operators.

He said, “We arrested 10 forex hawkers, that is, people who illegally deal in the sales of foreign currencies. They have been identified for illegally dealing in the sales of foreign currencies.

“We have Bureau De Change operators who are operating legally, and we didn’t touch them. We only arrest those who hawk foreign currencies.”

Allnews.ng gathered that Adeboye bemoaned that forex hawkers had a significant impact on the value of the naira in relation to the dollar and other foreign currencies. 

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He also said that it was shameful for the nation that, in the twenty-first century, we were still exchanging foreign currencies for dollars at the roadside.

He advised people to use banks for foreign exchange transactions but added that the federal government of Nigeria had gone so far as to register Bureau De Change operators across the nation to make things easy for Nigerians.

This comes as the federal government keeps cracking down on unlicensed foreign exchange traders in an attempt to prevent the nation's currency from collapsing completely.

Meanwhile, the Edo Police Command paraded 18 suspected drug addicts after apprehending them at a drug hideout. 

Following a search on a drugs hideout in Benin City, the command's surveillance team captured six females and twelve males.

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Allnews.ng reported that the state command paraded the suspects on Wednesday.

The state Commissioner of Police, Funsho Adeboye, explained that the alleged addicts were caught based on genuine intelligence.

He stated that the police received information that a specific house on Ogbelaka Street had become a haven for criminal elements, illegal drugs, arms, and ammunition.    

According to him, the suspects use the spot to plan crimes in Benin City before committing them.

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Rasheed Olajide Awoniyi

Rasheed is a Prolific Content Writer who also has a niche in all Genres of Literature, Academic Pape...

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