The arrests took place in Sabo, a community dominated by northerners.
Operatives of the Economic and Financial Crimes Commission (EFCC), yesterday raided offices of some Bureau de Change operators in Ibadan, the Oyo State capital.
It was learnt that the anti-graft agency during the raid, arrested no fewer than 12 operators, with shops in the Sabo area, a community in Ibadan North local government area and dominated by Northerners.
A source said, “They arrested 12 people. They came around 10-11 am.”
While confirming the development, the Chairman of the Bureau de change operators, Alhaji Aminu Ibrahim Babankande, said he is still investigating the number of people arrested.
He said, “I don’t know the number now. We are still investigating. We are ready to cooperate with the government.”