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Dss Raids Kano’s Bureau De Change, Arrests 40

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SAN FRANCISCO, November 18, (THEWILL) – The Department of State Security in Kano has arrested over 40 people at the famous Wapa Bureau d' Change in Fagge area of the city.

A source close to the DSS, who pleaded anonymity, confirmed the arrests, saying that those arrested were touts responsible for the hike in exchange rate.

It said that they made the arrests on Friday morning as the culprits had been warned against their acts.

The Auditor General of Al Amanat Association of Bureau de Change, Alhaji Abdulhamid Kabir, who confirmed the arrests, disclosed to NAN that his members were amongst those arrested.

“The DSS had a meeting with us earlier in the month and notified us of the need to control the exchange rate,” he said.

“Some of us have started adjusting the prices and the price rose again which made our people hike the prices.”

Kabir appealed to the Federal Government to give them some more time to adjust.

THEWILL recalls that operatives of the DSS raided two major BDC markets in Lagos and Abuja, arresting about five operators in a two-day operation, which took place on Tuesday and Wednesday . 

The secret police commenced the enforcement of the order by arresting erring members of the association that sold the dollar above N400 and or bought above N390 a dollar in a fresh move to end speculation in foreign exchange, forex, transactions at the parallel market.

Story by Oputah David