Operatives of Kano State Police Command have arrested 17 suspected forex hawkers for the unlawful operation of Bureau de Change in Wapa area of Fagge Local Government Area of the state.
The Commissioner of Police, Mr Usaini Gumel, told the News Agency of Nigeria (NAN) in an interview on Wednesday.
He said, ”The operation, which was led by the Police Command, was carried out at the Wapa Bureau De Change, Fagge, with combined personnel of the Department of Security Services (DSS).
”A total of twenty-nine people were arrested, out of whom 12 were cleared.
”We recovered 68,000 CFA, and 30 Rupees (Indian currency) from them. All the suspects confessed to the offence and will be charged to court.
”This operation was carried out to flush out elements who operate illegally in order to destabilise the foreign exchange market in the country.”
Also Read:
- EFCC probes man over $578,000 cash smuggling
- Osun communal clashes: Group condemns action, calls for lasting solution
- NLNG to improve operational efficiency of domestic LPG supply in Nigeria
- Heavyweight boxing legend George Foreman dies aged 76
- Arrest of Bauchi AG: EFCC targeting governor for politics, not corruption – CSO
The commissioner commended the combined operatives for their commitment and cooperation in ensuring the success of the operation.
”The security measures put in place have sent the message that illegal financial activities will not be tolerated and that those engaging in such practices will be made to face the full wrath of the law,” he said.
He advised all individuals and business operators in the financial sector to operate within the confines of the law, obtain the necessary licences, and always avoid unwholesome practices.
While thanking the people of the state for their support, cooperation, and understanding, Gumel urged them to continue to report any suspicious movement of person(s) or item(s) to the nearest security outfits for prompt action.
Follow The Eagle Online Channel on WhatsApp
