Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested no fewer than 80 Point of Sales (PoS) agents, suspected to be buying and selling money to members of the public with a higher interest in Ondo state.
It was gathered that the officials of the commission carried out the exercise in Akure, the state capital, weekend.
The officials reportedly went around Akure South and Akure North council areas in the state, where the agents were arrested for selling naira at higher rates to residents.
Following the development, many POS agents have deserted their stands for fear of being arrested.
For weeks, some PoS agents have been buying cash from banks, and sell to customers at exorbitant rates.