EFCC Arrests Three For Suspected Currency Racketeering In Kaduna

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EFCC Arrests Three For Suspected Currency Racketeering In Kaduna

Three suspects, Musa Gideon, Abdul Seidu Adamu and Justine Musa, have been arrested by the Kaduna Zonal Command of the Economic and Financial Crimes Commission, EFCC, in connection with suspected currency racketeering.

The suspects were arrested along Yakubu Gowon Way, Kaduna on Wednesday, February 7, 2024, while trying to sell new naira notes to an EFCC’s undercover operative.

The commission in a statement on Thursday, said the operative, a member of the Special Task Force set up for the enforcement of extant laws against currency mutilation and dollarization of the economy by the EFCC Chairman, Ola Olukoyede, functioned in a sting operation carried out by the Team.

The operation yielded the arrest of the three suspects selling new and old naira notes to the tune of N1,307,400(One Million Three Hundred and Seven Thousand, Four Hundred Naira) and many Automated Teller Machines, ATM, cards.

The suspects would be charged to court as soon as investigations are concluded.