The Economic and Financial Crimes Commission has arraigned a suspected fraudulent Bureau De Change operator before a court in Onitsha over allegations of financial fraud amounting to N78.2 million.
The defendant is accused of defrauding victims under the guise of conducting legitimate foreign exchange transactions.
According to the anti-graft agency, the suspect allegedly obtained funds from unsuspecting individuals while posing as a licensed BDC operator, but failed to deliver the agreed foreign currency equivalent.
The charges filed detail multiple counts related to obtaining money by false pretence and related financial crimes.
The case highlights ongoing efforts by the EFCC to curb financial malpractice within the foreign exchange sector and protect the public from unregistered operators.
The court will determine the matter based on evidence presented during trial, and the defendant is presumed innocent until proven guilty.
