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Wuse Zone 4 Bureau de Change Traders Deny Money Laundering Claims

The outgoing chairman of the Wuse Zone 4 traders association, a Bureau de Change traders group based in Abuja, Abdullahi Abubakar Dauran, has vehemently denied allegations that the association is involved in setting up a parallel group for terrorism financing and money laundering. This denial comes in response to reports from two National Dailies suggesting otherwise.

Rebuttal and Clarification

In a statement provided to the Daily Trust on Sunday, Dauran refuted the claims made by the newspapers, labeling them as baseless, unfounded, and mischievous. He emphasized that the Zone 4 traders operate within the bounds of the law, adhering to all financial regulations set forth by the country.

Dauran further clarified that the reports implicating him in the alleged activities were entirely false. He stated that he had not participated in any interviews that could have led to such misleading information being published. As someone who had served as chairman of the association for six years, Dauran expressed his dismay at the accusations, deeming them immoral and unfair.

Call for Public Support

Despite the negative publicity surrounding the Zone 4 traders, Dauran urged the invited guests and the general public to disregard the erroneous reports and attend the inauguration of the newly elected executive council members. He emphasized the importance of solidarity in the face of baseless allegations and encouraged a show of support for the legitimate activities of the association.

In a final ultimatum, Dauran gave the Nation and Independent newspapers 48 hours to retract their reports and issue apologies to the association, warning of potential legal repercussions if they failed to do so.

As we navigate a world inundated with misinformation and sensationalism, it is crucial to approach news stories with a critical eye. The events unfolding at Wuse Zone 4 serve as a reminder of the power of responsible journalism and the impact of false accusations on individuals and organizations alike. Let us stand together in support of truth and integrity, ensuring that justice prevails over sensationalism and hearsay.