HURIWA Commends EFCC for Foreign Currency Seizures at Airports | The Guardian Nigeria News

The Human Rights Writers Association of Nigeria (HURIWA) has commended the Economic and Financial Crimes Commission (EFCC) for clipping the wings of economic saboteurs who destroy the value of the naira through currency speculation.

In a statement by its national coordinator, Comrade Emmanuel Onwubiko, the group also encouraged the anti-corruption agency to speed up the investigation into the Niger Delta Development Commission (NDDC), just as it warned against the capitulation to the blackmail of some powerful forces within the Assembly, who want to undermine the financial reforms of the “ethically decadent NDDC that is why the oil producing communities are criminally underdeveloped due to the political theft of earmarked and released funds for strategic infrastructure projects in these communities”.

EFCC Director of Operations, Abdulkarim Chukkol, who broke the news on the Nigerian Television Authority (NTA) show Good Morning Nigeria, claimed that money laundering was the reason some Bureau operators (BDC) were recently arrested in Lagos and Abuja. .

He said: “Many arrests of cash couriers have been made and colossal sums of foreign currency have been recovered. Some were arrested with a surplus of $6 million, others with $2 million. We know that these huge sums were not intended to be used to buy goods, but to launder stolen money. The EFCC secured the confiscation of the money from the federal government and prosecuted the culprits.

When contacted, EFCC Media and Publicity Officer Wilson Uwujaren said the recent arrests were aimed at cleaning up the foreign exchange industry.

According to him, the agency’s arrest of BDC operators and parallel market currency speculators was not indiscriminate, but a product of intelligence.

Corroborating Chukkol, Uwujaren pointed out that the Commission considers foreign exchange fraud an economic crime against the Nigerian state.