For how long will they keep doing this, and how many foreign currency exchangers are they going to arrest? Will they move all over the country and mount on the exchange point to tackle and arrest everyone trying to exchange naira to a dollar or a dollar to a naira?
And if they ever succeed in achieving this, what then will they do with forex exchange traders? Will they sanction an exchange for trading the dollar at a high rate? These people don't even know what they are doing. This is the market, and the naira is losing value unless they start working to bring it back. All they are doing is only going to make things worse.
No one sets those prices; prices are adjusting to the bad economy and how devalued our dear currency has turned out to be.