Acting Chairman of Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has declared that every Bureau De Change operator indicted in the $2.1 billion arms deal probe will be prosecuted.
Currently, more revelations have continued to emerge with some of those indicted either coming out to defend themselves or state how the funds were disbursed.
Speaking when operators of Bureau De Change in Nigeria paid him a courtesy visit, Magu, who noted the relationship between the EFCC and the operators in different ways, said the Commission would prosecute any of the operators involved in any shady act that relates to the scandal.
Magu said: “We need to talk to you, as some of your operators are fond of carrying huge amounts of money out of the country, since they can no longer withdraw more than $300 using the ATM.
“There are fraudulent involvements of Bureau De Change operators in the arms deal scandal.
“There are reports of some of your members withdrawing as much as N500 million in two, three, four tranches in this arms deal scam.
“So, I am greatly disturbed. I think there should be a documentation regarding your activities, as this will enable your group to checkmate anyone who is involved in any fraudulent activity.”
In his speech, the Chairman of Bureau De Change operators, Aminu Gwadabe, said the group would support the commission in the ongoing war against corruption and economic crimes.
Gwadabe, who said the delegation was in the commission to congratulate Magu as the head of the EFCC and to seek collaboration with the agency, added: “I want to congratulate you on your appointment as acting Chairman of EFCC and pray for God’s guidance, most especially as it is a period of tough choices and decisions.”
Listing some of the challenges of Bureau De Change operators in the country, he complained about policy regulators and security agencies as well as black marketers giving the licensed operators a bad name.
He said most of the time, fraud is perpetrated within the banking premises but that whenever there was an issue, it is the Bureau De Change operators who are usually attacked.
“Another problem is the issue of BVN registration, which I believe should have been extended to three years in order to allow more people to be registered,” he said while appealing to the commission to organise seminars, workshop and sensitization programmes for operators to improve their knowledge.
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