Operatives of the Economic and Financial Crimes Commission, (EFCC), attached to the Taskforce on Currency Mutilation, Dollarization of the Economy, and Forex Malpractice, have arrested 34 suspected currency speculators for alleged foreign exchange fraud.
The commission announced this through its official X account on Friday.
On April 26, 2024, they apprehended a group of individuals in a sting operation based on credible intelligence regarding illicit dollar sales in the Wuse Zone 4 area of the Federal Capital Territory, Abuja.
The detained 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, Usman Umar, 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, Mohammed Usman, Bello Musa, Saleh Mohammed Naseer, Zaharadeen Yau, Musa Umaru Adamu, Usman Machido, and Abdulaziz Abubakar Abba.
This arrest follows the EFCC’s ongoing efforts to cleanse and stabilize the foreign exchange market. Upon completion of the investigations, they will face court proceedings.
