EFCC Apprehends Three Individuals for Suspected Currency Racketeering in Kaduna

The Economic and Financial Crimes Commission (EFCC), Kaduna Zonal Command,  arrested three individuals engaged in currency racketeering

Operatives of the EFCC apprehended Musa Gideon, Abdul Seidu Adamu, and Justine Musa along Yakubu Gowon Way, Kaduna, on Wednesday, February 7, 2024.

The arrests were made while the suspects were attempting to sell new naira notes to an undercover EFCC operative.

The sting operation, conducted by a member of the Special Task Force established by EFCC Chairman Ola Olukoyede to enforce laws against currency mutilation and the dollarization of the economy, resulted in the seizure of both new and old naira notes amounting to N1,307,400.00 (One Million Three Hundred and Seven Thousand, Four Hundred Naira). Additionally, numerous Automated Teller Machine (ATM) cards were confiscated.

Investigations are ongoing, and the suspects will face charges in court upon the conclusion of the inquiry.

The EFCC continues its efforts to combat financial crimes and uphold the integrity of Nigeria’s currency.