The Economic and Financial Crimes Commission (EFCC) Director of Operations, Abdulkarim Chukkol, has declared the seizure of large foreign currencies from Nigerians at airports.
Chukkol made this known during an interview.
He said some Bureau De Change (BDC) operators were recently apprehended in Lagos and Abuja because of money laundering.
The Director assured that the commission will continue with its efforts to clean up the foreign exchange sub-sector.
Chukkol stressed that the raid of currency speculators in the parallel market is not indiscriminate but a product of intelligence.
The Director empthasised that forex manipulation is a major economic crime against the Nigerian state.
The EFCC said it had been deploying agents to airports for over a decade to stop bulk cash movement out of the country.
 The Commission said; “Many arrests of cash smugglers have been made and humongous sums in foreign currencies recovered.’’
“Some were arrested with excess of $6million, others with $2million.’’
“We know these huge sums were not meant to be used in buying goods but stolen monies being laundered.”
Chukkol confirmed that the EFCC secured the forfeiture of the monies to the Federal Government and prosecuted the culprits.