17 BDC Operators Sentenced To 6 months Imprisonment For Operating Without Licence In Kano

Date: 14-05-2024 9:10 pm (2 weeks ago) | Author: kacy lee
- at 14-05-2024 09:10 PM (2 weeks ago)
(f)

Seventeen Bureau de Change operators were on Monday, convicted by Justice Muhammad Nasir Yunusa of the Federal High Court in Kano State.

They were charged with conducting business without the necessary license, thereby, contravening Section 57 (5) (b) of the Banks and Financial Institutions Act of 2020.

Each offender was sentenced to either six months imprisonment or a fine of N50,000.

The convicted individuals, including Ayuba Ibrahim, Idris Saidu, Idris Usman, Shuaibu Muhammad, Hamisu Ilyasu, and 12 others, pleaded guilty to the one-count charge during their summary trial.

Law enforcement authorities, in a joint operation involving the police and operatives of the Department of State Services (DSS), arrested the 17 bureau de change operators at Wapa market in Fagge LGA last week.

Upon arrest, security operatives seized 68,000 CFA francs and 30,000 rupees from the suspects as evidence of their unlawful operations.

Posted: at 14-05-2024 09:10 PM (2 weeks ago) | Addicted Hero
- gogoman at 14-05-2024 09:26 PM (2 weeks ago)
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 Roll Eyes Roll Eyes Roll Eyes
Posted: at 14-05-2024 09:26 PM (2 weeks ago) | Grande Master
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- kp45 at 15-05-2024 07:34 AM (2 weeks ago)
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This doesn't make sense, are they the cause now of the falling naira Huh? Hope you people build more prison.
Posted: at 15-05-2024 07:34 AM (2 weeks ago) | Addicted Hero
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- fineboy77 at 15-05-2024 09:34 AM (2 weeks ago)
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ok
Posted: at 15-05-2024 09:34 AM (2 weeks ago) | Addicted Hero
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