KANO COURT JAILS TWO BUREAU DE CHANGE OPERATORS

By Olayiwola Ibrahim // Justice Mohammed Nasir Yunusa of the Federal High Court Kano on Tuesday, February 27 2024, convicted and sentenced two illegal bureau de change operators to one year imprisonment each for operating BDC without an appropriate licence.

The convicts Munkaila Sani and Mohammed Sani were jailed after pleading guilty to one-count separate charge bordering on engaging in financial operations of bureau de change without a requisite licence, upon their arraignment by the Kano Zonal Command of the Economic and Financial Crimes Commission, EFCC.

The lone-count charge reads that you Munkaila Sani sometime in February, 2024 in Kano within the jurisdiction of this Honourable Court did engage in a financial operation of bureau de change without a valid licence and you thereby committed an offence contrary to Section 57 (5) of the Banks and Other Financial Institutions Act, 2020 and punishable under Section 57 (5) (B)