$2.1 Billion Arms Deal: EFCC to Investigate Bureau De Change Operators

Acting chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ibrahim Magu, has vowed to arrest and prosecute Bureau De Change operators involved in the ongoing $2.1 billion arms deal probe.

This was made known in a statement by EFCC spokesman Wilson Uwujaren in Abuja, following a visit by a delegation of Bureau De Change operators to the EFCC chairman’s 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 dollars 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.