Government

What we’ll do to bureaux de change that help politicians launder money – Magu

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The Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has said that the commission would not spare any bureau de change operator that helps corrupt politicians launder money.

The EFCC boss disclosed this at a Thursday meeting with the Association of Bureaux De Change Operators of Nigeria (ABCON) in Abuja, according to a statement by Head of Media and Publicity of EFCC, Mr Tony Orilade.

Magu, who noted that BDC operators connive with politicians to steal public funds, said, “These politicians transfer looted funds from government accounts to BDC’s accounts; in ten, twenty millions in about 75 transactions in one day.

“This is done with only paper work, no physical cash.

“The BDC operators now take the money to the politician’s village and also buy properties for them in and outside the country.

“They help clean up dirty money. When we start prosecuting them in every zone, others will sit up.

“We all have the responsibility to clean this country. We must always do the right thing.

“We shall go to the airports and border points and deal with those who help these thieves.”

The anti-graft commission boss said that any BDC operator that fails to heed the advice to steer clear of helping corrupt politicians would face the full wrath of the law when caught.

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John is a University of Lagos-trained, tech-savvy journalist with an uncanny nose for news. His views are always the end products of a deliberate search for information and knowledge. He has read almost every novel written by Chinua Achebe, Jeffrey Archer and Dan Brown. He is an expert Scrabble and draughts player who is also excellent at swimming. If you know the capitals of 45 African countries by heart, then you are exactly like him.

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