Police arrest nine suspected forex vendors in Kano
The Kano State Police Command conducted raids and arrested nine suspected illegal forex hawkers.
Conducted in collaboration with the Economic and Financial Crimes Commission (EFCC) and the Nigeria Customs Service, the raid was carried out at Wappa Bureau De Change, Fagge LGA, Behind CBN Office, Nassarawa LGA, Central Hotel, Bompai Road, Nassarawa LGA, Ashton Road, Mallam Aminu Kano International Airport (MAKIA), Kofar Ruwa Motor Park, Dawanau International Grains Market, and Dawakin Tofa LGA.
In a statement, SP Abdullahi Haruna Kiyawa, spokesman for the command, confirmed the arrest.
The crux of the operation, according to him, was to arrest those elements to stabilise the foreign exchange market in the country.
He added that the objective was not to arrest genuine Bureau de Change operators who carry on their legitimate businesses in their offices.
According to him, “a total of thirty-one (31) people were arrested, out of which twenty-two (22) were screened out for lack of evidence, while nine (9) were arrested with the following exhibits recovered; (1) Thirty-Eight USD ($38:00), (2) One Hundred and Thirteen (CFA 113:00) Nigerien Currency, (3) Four Thousand Eight Hundred and Ten (Cairos 4,810:00) Egyptian Pound, (4) Two Hundred (Birr 200:00) Ethiopian Currency, (5) One (1) POS Machine, and (6) Two Mobile Phone Devices (Infinix Android & Techno Keypad).”
CP Mohammed Usaini Gumel, the state Commissioner of Police, advised all individuals and business operators within the financial sector to operate within the confines of the law and obtain the necessary licenses.
