Bureau De Change – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Sun, 14 Jul 2024 14:30:47 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png Bureau De Change – InfoStride News https://www.theinfostride.com 32 32 Three Illegal Bureau de Change Operators Jailed in Maiduguri: Full Story Inside https://www.theinfostride.com/three-illegal-bureau-de-change-operators-jailed-in-maiduguri-full-story-inside/ https://www.theinfostride.com/three-illegal-bureau-de-change-operators-jailed-in-maiduguri-full-story-inside/#respond Sun, 14 Jul 2024 14:30:47 +0000 https://www.theinfostride.com/?p=383386 In a significant crackdown on illegal financial activities, Justice K. Dagat of the Federal High Court in Maiduguri, Borno State, has sentenced three unlicensed Bureaus de Change operators to one year in prison each. The Convicted Operators: Buba Ahmadu Aliyu Mohammed Mustapha Muhammad Zarami These individuals were brought before the court on Wednesday, 10th July [...]

Source from InfoStride News

]]> https://www.theinfostride.com/three-illegal-bureau-de-change-operators-jailed-in-maiduguri-full-story-inside/feed/ 0 MAN asks CBN to reduce number of BDCs, develop credit intervention to manufacturing sector https://www.theinfostride.com/man-asks-cbn-to-reduce-number-of-bdcs-develop-credit-intervention-to-manufacturing-sector/ https://www.theinfostride.com/man-asks-cbn-to-reduce-number-of-bdcs-develop-credit-intervention-to-manufacturing-sector/#respond Sun, 28 Apr 2024 20:36:38 +0000 https://www.theinfostride.com/?p=376848 The Manufacturers Association of Nigeria (MAN) has asked the Central Bank of Nigeria (CBN) to work towards reducing the number of Bureau De Change (BDC) operators and develop a sustainable framework to guide credit intervention to the manufacturing sector.   The group made the call through its President, Otunba Francis Meshioye while delivering a speech at [...]

Source from InfoStride News

]]> https://www.theinfostride.com/man-asks-cbn-to-reduce-number-of-bdcs-develop-credit-intervention-to-manufacturing-sector/feed/ 0 Unlicensed Currency Trading: EFCC charges Mustapha Abatcha, Adam Mohammed and Mohammed Ali in Maiduguri https://www.theinfostride.com/unlicensed-currency-trading-efcc-charges-mustapha-abatcha-adam-mohammed-and-mohammed-ali-in-maiduguri/ https://www.theinfostride.com/unlicensed-currency-trading-efcc-charges-mustapha-abatcha-adam-mohammed-and-mohammed-ali-in-maiduguri/#respond Sat, 16 Mar 2024 13:30:08 +0000 https://www.theinfostride.com/?p=373149 In a decisive move against illicit financial activities, the Maiduguri Zonal Command of the Economic and Financial Crimes Commission (EFCC) brought three individuals to face charges for operating illegal bureau de change businesses. Mustapha Abatcha, Adam Mohammed, and Mohammed Ali stood before Justice Jude K. Dagat of the Federal High Court in Maiduguri, Borno State, [...]

Source from InfoStride News

]]> https://www.theinfostride.com/unlicensed-currency-trading-efcc-charges-mustapha-abatcha-adam-mohammed-and-mohammed-ali-in-maiduguri/feed/ 0 Bureau de Change Operator Testifies Against Dauda Suleiman over Alleged N10b Money Laundering https://www.theinfostride.com/bureau-de-change-operator-testifies-against-dauda-suleiman-over-alleged-n10b-money-laundering/ https://www.theinfostride.com/bureau-de-change-operator-testifies-against-dauda-suleiman-over-alleged-n10b-money-laundering/#respond Wed, 07 Feb 2024 08:28:08 +0000 https://www.theinfostride.com/?p=369794 In a high-profile trial at the Federal High Court in Abuja, new revelations have emerged in the alleged N10 billion money laundering case involving Ali Bello and Dauda Suleiman. A prosecuting witness, known as Pw3, recently took the stand, shedding light on Suleiman’s purported business dealings. Rabiu Musa Tafada, a Bureau de Change Operator and [...]

Source from InfoStride News

]]> https://www.theinfostride.com/bureau-de-change-operator-testifies-against-dauda-suleiman-over-alleged-n10b-money-laundering/feed/ 0 $2.4m Scam: EFCC arrests BDC Operator Rabiu Yusuf for duping Chinese National https://www.theinfostride.com/bureau-de-change-operator-in-efcc-net-for-2-4m-scam-efcc-nigeria-news/ Fri, 14 Jul 2017 11:05:49 +0000 http://www.theinfostride.com/?p=171922 The Economic and Financial Crimes Commission (EFCC) on 13th July, 2017 took into custody, one Rabiu Yusuf, a Bureau de Change operator  who allegedly duped a Chinese National to the tune of $2,452,941.50 (Two Million, Four Hundred and Fifty Two Thousand, Nine Hundred and Forty One Thousand Dollars). The suspect allegedly collected the sum of [...]

Source from InfoStride News

]]> EFCC Recovers N400m From Lagos Bureau De Change Operator https://www.theinfostride.com/efcc-recovers-n400m-from-lagos-bureau-de-change-operator/ Sun, 09 Apr 2017 02:13:22 +0000 http://www.theinfostride.com/?p=161316 Over N400 million has been recovered from a Lagos state based bureau de change operator by the Economic and Financial Crimes Commission (EFCC). A report by TheCable says the EFCC recovered the humongous sum in an abandoned bureau de change office in Lagos state. Though the report maintained that the anti-graft agency did not state [...]

Source from InfoStride News

]]> N310m Wasn’t Stolen From Buhari’s House – Sanni Onogu https://www.theinfostride.com/n310m-wasnt-stolen-from-buharis-house-sanni-onogu/ Sun, 02 Apr 2017 15:31:19 +0000 http://www.theinfostride.com/?p=160663 Sanni Onogu, the Chief Press Secretary to Bukola Saraki has issued a statement debunking reports in the media saying that N301m was stolen from the Senate President’shouse. Abdulrasheed Maigari, a former Department of State Service (DSS) officer attached to the residence of the Senate President, had earlier confessed to stealing N301m from Saraki’s house. According [...]

Source from InfoStride News

]]> Senate Rejects Proposal To Jail People Hoarding Foreign Currency https://www.theinfostride.com/senate-rejects-proposal-to-jail-people-hoarding-foreign-currency/ Tue, 22 Nov 2016 11:03:19 +0000 http://www.theinfostride.com/?p=148974 The Senate has rejected a recommendation by the Nigerian Law Reform Commission to jail people hoarding foreign currencies. The Commission had recommended the review of the Nigerian Foreign Exchange Act to empower the Central Bank of Nigeria (CBN) to jail any bureau de change operator who holds on to foreign currency for more than 30 [...]

Source from InfoStride News

]]> EFCC Boss Seeks Professional Bodies’ Support On Fighting Corruption https://www.theinfostride.com/efcc-boss-seeks-professional-bodies-support-on-fighting-corruption/ Sat, 18 Jun 2016 14:17:19 +0000 http://www.theinfostride.com/?p=132351 The acting Chairman of Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has charged professional bodies in the country to join hands with the Commission in the fight against corruption and economic crimes. Speaking at a workshop on the “Role of Professionals in the Fight Against Corruption” at the Rockview Hotel, Abuja on Friday, June [...]

Source from InfoStride News

]]> $2.2m Fraud: Court Awards Cost Against Defence To Former NHIS Secretary, Femi Thomas https://www.theinfostride.com/2-2m-fraud-court-awards-cost-defence-former-nhis-secretary-femi-thomas/ Tue, 24 May 2016 21:52:29 +0000 http://www.theinfostride.com/?p=129342 At the Federal High Court sitting in Lagos on May 12, Justice Saliu Saidu awarded a cost of N5,000 (Five Thousand Naira) against Joseph Nwobike, SAN, counsel to Dr. Femi Thomas, former Secretary, National Health Insurance Scheme (NHIS) for failure to appear in court. Thomas alongside one Kabiru Sidi, a Bureau de Change Operator, was arraigned [...]

Source from InfoStride News

]]> Bureau de Change Operator Disclosed How He Collected 102m for NIMASA Executives https://www.theinfostride.com/bureau-de-change-operator-disclosed-how-he-collected-102m-for-nimasa-executives/ Tue, 24 May 2016 21:26:02 +0000 http://www.theinfostride.com/?p=129346 The witness Kolomi Mohammed, a Bureau de Change operator, made the disclosure when he was asked to explain the financial transactions which occurred on August 5, 2014 and January 21 and 22, 2015 between his company and NIMASA. In those three days it was discovered that a total sum of N102,000,000 was transferred from the [...]

Source from InfoStride News

]]> N28.4m Fraud: EFCC Arraigns Bureau de Change Operator Nura Amadi https://www.theinfostride.com/n28-4m-fraud-efcc-arraigns-bureau-de-change-operator-nura-amadi/ Sat, 14 May 2016 21:19:30 +0000 http://www.theinfostride.com/?p=128634 One Nura Amadi was arraigned by the Economic and Financial Crimes Commission (EFCC) on Thursday, May 12, before Justice Olasumbo O. Goodluck of the FCT High Court, Abuja on a 5 count charge bordering on misappropriation of funds and issuance of dud cheques. Amadi, a former staff of Balis Bureau de Change Limited, Abuja sometime [...]

Source from InfoStride News

]]> NIMASA Fraud: Bureau De Change Operator Discloses He Was Paid N97.6m For Doing Nothing https://www.theinfostride.com/nimasa-fraud-bureau-de-change-operator-discloses-he-was-paid-n97-6m-for-doing-nothing/ Wed, 11 May 2016 21:39:01 +0000 http://www.theinfostride.com/?p=128304 In the ongoing trial of a former Director-General of the Nigerian Maritime and Safety Agency (NIMASA), Patrick Akpobolokemi, and six others; a prosecution witness, Wakili Dauda, has told a Lagos State High Court how the agency paid him the sum of N96, 764,689.00 (Nine-six Million Seven Hundred and Sixty-four Thousand Six Hundred and Eighty-Nine Naira) for [...]

Source from InfoStride News

]]> N3.1b Fraud: Witness Discloses How Suswan Diverted State Funds https://www.theinfostride.com/n3-1b-fraud-witness-discloses-how-suswan-diverted-state-funds/ Fri, 06 May 2016 22:25:54 +0000 http://www.theinfostride.com/?p=127857 The trial of former Benue State Governor Gabriel Suswan and his finance commissioner, Okolobia Okpanachi continued yesterday with the prosecution presenting its fourth witness, PW4, Abubakar Umar, who told the court how monies were converted to dollars and given to the governor. Suswan and his co-accused are being prosecuted by the Economic and Financial Commission (EFCC) on [...]

Source from InfoStride News

]]> $2.1bn Arms Deal Scandal: EFCC Acting-Chairman Determined Not To Spare Involved Bureaux De Change Operators https://www.theinfostride.com/2-1bn-arms-deal-scandal-efcc-acting-chairman-determined-not-to-spare-involved-bureaux-de-change-operators/ Sun, 10 Jan 2016 21:19:23 +0000 http://www.theinfostride.com/?p=117844 The Acting Chairman of Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, during a courtesy call to his office in Abuja by Bureau De Change operators on Tuesday, January 5, 2015, has said that no Bureau De Change operator involved in the ongoing $2.1bn arms deal probe will be spared. The EFCC Boss also re-iterated the [...]

Source from InfoStride News

]]> CBN Set To Ban Street Trading Of Foreign Currencies From January 1, 2016 https://www.theinfostride.com/cbn-set-to-ban-street-trading-of-foreign-currencies-from-january-1-2016/ Thu, 17 Dec 2015 00:26:22 +0000 http://www.theinfostride.com/?p=113272 The management at Central Bank of Nigeria (CBN) has set out the guidelines for the operations of Bureau de Change (BDCs) operators in Nigeria. The guidelines, which are contained in the CBN’s latest circular, has prohibited the age-long practice of hawking foreign exchange on the streets, common in Lagos, Abuja, Port-Harcourt and some major northern [...]

Source from InfoStride News

]]> Bureau De Change Robbery: DSS Arrest Two Staff Members Involved In The N310m Crime https://www.theinfostride.com/bureau-de-change-robbery-dss-arrest-two-staff-members-involved-in-the-n310m-crime/ Tue, 08 Dec 2015 19:32:05 +0000 http://www.theinfostride.com/?p=110843 Two out of five of The Department of State Services (DSS) staff members have been arrested for their alleged involvement in a N310million robbery, a DSS statement disclosed it in Abuja on Sunday. The statement, issued by an operative of the service, Mr Tonu Opuiyo, said that the money belonged to a Bureau De Change operator in [...]

Source from InfoStride News

]]>