EFCC Raid Abuja Forex Market, Arrests BDC Operators as Naira Hits 1,416 Per Dollar

Date: 08-05-2024 7:35 pm (1 week ago) | Author: kacy lee
- at 8-05-2024 07:35 PM (1 week ago)
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Tensions are running high between the EFCC and the BDC operators in the Wuse Zone 4 market. The traders' frustration is palpable, as they feel targeted and unfairly treated by the anti-corruption agency. The resistance to the arrests indicates a growing discontent among the traders, who perceive the raids as mere extortion tactics rather than genuine efforts to curb illegal activities.

The traders' fear of escalation to violence is understandable given the intensity of the clashes during the recent raid. If left unchecked, such confrontations could indeed lead to tragic outcomes.

Addressing the root causes of this conflict is crucial to prevent further escalation. Perhaps the EFCC could engage in dialogue with the BDC operators and other stakeholders to find more effective and mutually beneficial ways to address issues of financial crimes and street trading in the market. It's essential to strike a balance between enforcement and fair treatment to maintain trust and prevent further tensions.


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