Dont Allow Yourselves To Be Used By Corrupt Politicians – Magu Tells BDC Operatives

The Acting Chairman, Economic and Financial Crimes Commission (EFCC) Mr Ibrahim Magu, has urged operatives of Bureau de Change (BDC) in the country not to be used as accomplice to the corrupt practices of some politicians.

Magu made this admonition at a meeting with the Association of Bureaux De Change Operators of Nigeria (ABCON) in Abuja on Thursday.

Mr Tony Orilade, the EFCC Head of Media and Publicity, in a statement said that the chairman hinted that politicians often connived with BCD operators to steal public funds.

“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 chairman said.

Magu vowed that the commission will not hesitate to bring to book any operators and bankers who failed to comply with laws guiding the financial regulating system.

Earlier, Acting President of the Association, Alhaji Aminu Gwadabe, commended the EFCC chairman for his determination in the fight against corruption in the country.

He gave the assurance that about 5000 licenced members of the association were ready to collaborate with the commission in the fight against corruption.

“In Abuja alone, we have over 100,000 unregistered BDC operators.

“These are the people giving us the bad name. We would need the EFCC to partner with us in sanitising the association,” he said.