Tuesday, August 02, 2011

Bureau de change operators condemns circulation of fake currency

BUREAU de Change operators at the Murtala Mohammed International airport Ikeja, Lagos have condemned the circulation of fake foreign currencies in the country.

Recently, luck ran out of two ladies in their late 20s caught with fake US$2000 at the Hajj camp of the Bureau de change office while trying to exchange fake dollars for naira.

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BUREAU de Change operators have called for improved security from the police as well as improved surveillance among members. The association also said millions of naira have been lost to fraudsters as a result of fake foreign currencies warning that anyone caught will be handed over to the law enforcement agents for prosecution.

This is just as the body advised members of the public to refrain from peddling fake currency especially around the airport, stating that if caught any violator would be handed over to the police.

An official of the association was quoted to have said “We do need the police to do more and we have also improved on our surveillance. We know that over 300 members are registered with us and they have guarantors and we know them so they are dismissed or handed over to the police for any crime. In fact, we have rules and regulations which they abide to.”

The official recalled how some of their members were killed by fraudsters after inviting them to hotels to exchange money and vowed that none of their members will be do any transaction in hotels, eateries and other public places.

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