Crime Updated: May 14, 2024

EFCC arrests fake BDC operators in Lagos

By Maureen Okpe
May 14, 2024

The Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC, has arrested thirteen fake Bureau De Change, BDC, operators in Lagos.

They were arrested for operating BDC without the appropriate licence.

The suspects are Abdulahi Musa, Garba Abdullahi, Dauda Hussaini, Jubril Musa, Abdulwaheed Iliyasu and Abubakar Mohammed

Others are Umar Saidu, Nurudeen AbdulAzeez, Hamidu Usman, Yusuf Isa, Musa Ishaka, Liman Makki and Idris Mohammed.

They were arrested during sting operations by EFCC’s operatives between May 10 and 13, 2024 at different parts of Lagos, following credible intelligence received by the Commission about their illicit business activities.


Also, a suspected currency racketeer,  Kafayat Lateef was arrested over for alleged involvement in the sale of the Naira notes in different denominations.

A sum of N2.1 million was recovered from her at the point of arrest. A statement by EFCC Spokesman, Dele Oyewale, said that the suspects would soon be charged to court as soon as investigations are concluded.

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Maureen Okpe

Maureen is a media practitioner and an impeccable writer with close to 4 years active experience wor...

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