$2.1bn arms scandal: EFCC to arrest, prosecute bureau de change operators


Mr Ibrahim Magu, acting chairman, Economic and Financial Crimes Commission (EFCC) has vowed to arrest and prosecute bureau de change operators involved in the on-going $2.1 billion arms deal probe.

In a statement in Abuja, EFCC spokesman Wilson Uwujaren said Magu stated this when a delegation of bureau de change operators visited his office.
“Information reaching me through my operatives during investigations necessitated the need to talk to you.
“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,” the statement quoted Magu as saying.
The statement said that reports available to the commission showed that some of the operators withdrew as much as N500 million in two, three, four tranches in this arms deal scam.
“I am greatly disturbed and I think there will be need for proper
documentation of your activities.
“This will enable your group to checkmate anyone who is involved in any fraudulent activity,” the statement added.

In his remark, Alhaji Aminu Gwadabe, the chairman, Bureau De Change operators, pledge the commitment of the group to support the EFCC in the ongoing war against corruption.
Gwadabe said the visit was to congratulate Magu on his appointment as the acting chairman of the commission as well as to identify areas of collaboration. (NAN)

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