Nigeria, Feb. 25 -- The Labour Party (LP) presidential candidate, Peter Obi, has berated the federal government over the raid conducted on Bureaux de Change (BDCs) operators, saying the action was "ill-advised and wrongly directed".

Mr Obi's reactions came after Nigeria's anti-graft agency, the Economic and Financial Crimes Commission (EFCC) last Monday raided and arrested some BDC operators in the country.

The raid, PREMIUM TIMES understands, was executed to clampdown on individuals dollarising the Nigerian economy, a development that has seen the value of the naira falling to a record low against the United States dollar -- N1, 598.54 to $1 last week.

But Mr Obi, a former governor of Anambra State in a post on X on Sunday said the fe...