‘What are we turning into?’ Ezekwesili in shock over DSS raid of BDC operators

Share it:

Oby Ezekwesili, a former Vice President for the West Africa region at the World Bank, has lamented the raid of the Bureau de Change (BDC) operators by operatives of the Department of State Service (DSS).

Oby Ezekwesili on DSS raid on BDCs

Oby Ezekwesili is concerned about Buhari’s economic methods

A shocked Ezekwesili tweeted in series of tweets on Monday, November 14 that this new method of driving down the price of forex is so unusual that Nigeria is probably headed for unknown territory in its economy now.

READ ALSO: Despite recession, National Assembly pays N3.6bn for 360 supercars

The former minister of education under ex-President Olusegun Obasanjo just could not understand the rationale behind raiding BDCs to drive down forex.

Recall that on Wednesday, November 9, some officers of the DSS raided two major Bureau de Change markets in Lagos and Abuja. The DSS action was an attempt to crash the wide exchange rate between the naira and dollar.

Sources said the secret police agents had earlier directed all BDC operators to peg the dollar at N400 and buy at N390 from customers.

Although, the DSS raid has been widely condemned by the likes of Senator Ben Murray-Bruce of Bayelsa, the raid has reportedly succeeded in driving down the naira’s exchange rate.

This has however not stopped Ezekwesili from being very alarmed for Nigeria’s economic future.

The post ‘What are we turning into?’ Ezekwesili in shock over DSS raid of BDC operators appeared first on Nigeria News today & Breaking news | Read Naij.com 24/7.

loading...
Share it:

Latest Stories

Post A Comment:

0 comments:

We’re eager to see your comment. However, Please keep in mind that all comments are moderated according to our Comment Policy and all the links are nofollow. Using keywords in the name field area is forbidden.
Comment Using Either Disqus or Default Comment Mode.