Nigeria, Aug. 5 -- The Federal High Court in Lagos on Tuesday sentenced a bureau de change (BDC) operator, Dabo Ardi, to two months in prison for engaging in foreign exchange transactions outside the official market.

Trial judge, F.N. Ogazi, convicted Mr Ardi after he pleaded guilty to a one-count filed against him by the Economic and Financial Crimes Commission (EFCC).

The judge, however, gave him the option of paying a N80,000 fine.

The EFCC, in a statement by its Head of Media and Publicity, Dele Oyewale, explained that Mr Ardi was prosecuted for engaging in an illegal foreign exchange transaction.

The charge alleged that Mr Ardi, sometime in 2026 in Lagos, conducted a foreign exchange transaction outside the official foreign excha...