Police arrest 17 persons for operating illegal Bureau de Change

Date:

May 8, 2024.

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Azonuchechi Chukwu.

Kano State Police Command have arrested 17 suspects for unlawful operation of Bureau de Change in Wapa area of Fagge Local Government Area of of the State.

The Commissioner of Police, Mr Usaini Gumel, made this known to NAN in an interview on Wednesday.

”The operation, which was led by the Police Command, was carried out at the Wapa Bureau De Change, Fagge, with combined personnel of the Department of Security Services (DSS).

”A total of twenty-nine people were arrested, out of whom 12 were cleared.

”We recovered 68,000 CFA, and 30 Rupees (Indian currency) from them. All the suspects confessed to the offense and will be charged to court.

”This operation was carried our to flush out elements who operate illegally in order to disstabilise the foreign exchange market in the country,” he said.

The commissioner commended the combined operatives for their commitment and cooperation in ensuring the success of the operation.

”The security measures put in place has sent the message that illegal financial activities will not be tolerated and that those engaging in such practices will be made to face the full wrath of the law,” he said.

He advised all individuals and business operators in the financial sector to operate within the confines of the law, obtain the necessary licenses, and always avoid unwholesome practices.

Gumel thanked the people of the state for their support, cooperation, and understanding, and urged them to continue to report any suspicious movement of person(s) or item(s) to the nearest security outfits for prompt action. (www.naija247news.com).


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Azonuchechi Chukwu
Azonuchechi Chukwuhttps://gravatar.com/azonuchechivchukwu
Azonuchechi Chukwu - Business Journalist at Naija247news.com Azonuchechi Chukwu is a seasoned business journalist contributing to the insightful coverage of economic and financial news at Naija247news.com. With a passion for unraveling the complexities of the business world, Azonuchechi brings a wealth of expertise and dedication to his role. As a Business Journalist, Azonuchechi specializes in providing comprehensive analyses of market trends, corporate developments, and economic indicators. His in-depth reports offer Naija247news.com readers a nuanced understanding of the forces shaping the Nigerian and global business landscapes. Azonuchechi Chukwu's commitment to journalistic excellence is evident in his ability to translate complex financial information into accessible and engaging narratives. Whether exploring stock market fluctuations, corporate strategies, or economic policies, he strives to deliver content that empowers readers with valuable insights. With an educational background in business and a keen interest in the intersection of finance and technology, Azonuchechi stays at the forefront of industry dynamics. His coverage extends beyond traditional financial reporting, encompassing the dynamic realms of fintech, entrepreneurship, and sustainable business practices. Azonuchechi Chukwu's work goes beyond the surface, aiming to foster financial literacy and awareness among Naija247news.com's audience. By demystifying economic complexities and shedding light on emerging opportunities, he plays a pivotal role in keeping readers well-informed in the fast-paced world of business. As Naija247news.com's Business Journalist, Azonuchechi Chukwu continues to make meaningful contributions to the platform's mission of delivering timely, accurate, and relevant business news to its diverse audience. His dedication to journalistic integrity and his ability to navigate the intricacies of the business realm make him an invaluable asset to the Naija247news.com team.

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