In a concerted effort to combat currency mutilation, the dollarization of the economy, and forex malpractice, operatives of the Economic and Financial Crimes Commission (EFCC) cracked down on 34 currency speculators in Abuja.
The EFCC task force, dedicated to addressing these issues, conducted a sting operation resulting in the arrest of 34 individuals suspected of engaging in foreign exchange fraud.
According to a statement released on the commission’s website, the suspects were apprehended on Friday, April 26, 2024, following actionable intelligence regarding illicit dollar sales in the Wuse Zone 4 area of the Federal Capital Territory, Abuja.
The arrested individuals include:
Usman Mohammed
Abdullahi Nasir
Abubakar Saleh
Mohammed Kabir Ibrahim
Abubakar Ghadafi
Muktar Usman
Umar Abubakar Abba
Yakubu Sani
Aminu Abubakar
Muhammed Suleman Abara
Yusuf Tahir
Usman Lawal
Amina Garba Rola
Muhammed Aliyu
Murtala Haruna
Sani Mohammed
Umar Farouk
Muhammed Sagiuru
Aminu Salisu
Lawal Bello
Munzali Hashim
Jamilu Suleiman
Mustapha Umar
Mubarak Tanimu
Adamu Garba
Bello Musa
Saleh Mohammed Naseer
Zaharadeen Yau
Musa Umaru Adamu
Usman Machido
Abdulaziz Abubakar Abba
The EFCC emphasized that these arrests are part of their ongoing efforts to sanitize and stabilize the foreign exchange market. The suspects will face legal proceedings once investigations are concluded.
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