A crackdown carried out by the police resulted in the arrest of 17 individuals suspected of engaging in illegal Bureau de Change activities in the Wapa area of Fagge Local Government Area. The Commissioner of Police, Mr Usaini Gumel, disclosed this information to the press on Wednesday.
The operation, orchestrated by the Police Command, in collaboration with the Department of Security Services (DSS), targeted the unauthorized Bureau De Change in Wapa, Fagge. A total of 29 individuals were apprehended, with 12 later released after thorough screening.
During the operation, authorities seized 68,000 CFA Francs and 30 Indian Rupees from the suspects, who all confessed to the crime and will be prosecuted accordingly.
Addressing the media, Gumel emphasized the importance of eradicating illegal financial activities that could destabilize the foreign exchange market. He praised the joint efforts of the operatives involved in ensuring the operation’s success.
Stressing the zero-tolerance stance towards unlawful financial operations, Gumel underscored the need for individuals and businesses in the financial sector to operate lawfully, obtain proper licenses, and shun any illicit activities.
Expressing gratitude for the public’s support, Gumel encouraged vigilance and urged citizens to promptly report any suspicious activities to security agencies for immediate action.