DSS raids BDCs in Lagos, Abuja

The Department of State Services (DSS) on Thursday arrested some unregistered Bureau De Change operators in Lagos and Abuja.

The service also raided some registered BDCs operators who were accused of selling the dollar above N400.

On Wednesday, the DSS operatives who posed as buyers had raided the offices of some BDCs in Lagos and Abuja, arresting operators selling above the stipulated exchange rate.

A licensed BDC operator in Abuja, Alhaji Yusuf Rabiu, who spoke with the News Agency of Nigeria said after the raid some of them reached an agreement on a fixed rate for the sale of forex.

Rabiu said, “On Monday, the EFCC called so many licensed BDC operators. The issue is that they feel we are unnecessarily hiking the rates. But it’s not our fault.

“Right now, their focus is on our business; they have been calling us one by one and we don’t want problems. That is why we have agreed to have a fixed rate for now. After the raid in Lagos, the Abuja operators met and agreed on a fixed rate.”

Another dealer said security agents told BDC operators not to sell dollars for more than N395.

The dealer said, “We’ve stopped buying dollars from just anybody that walks into our shops due to the harassment from security agents and a directive from our association.”

 

 

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