EFCC arrests 34 suspected currency speculators in Abuja

EFCC arrests 34 suspected currency speculators in Abuja

Operatives of the Economic and Financial Crimes Commission, EFCC on Friday arrested 34 suspected currency speculators for alleged foreign exchange fraud at the Wuse Zone 4 area of the Federal Capital Territory, FCT Abuja.

The suspected currency traffickers were arrested in a sting operation following credible intelligence about illegal sales of dollars, spokesperson for the anti-graft agency, Dele Oyewale, said in a statement.

The suspects were arrested by EFCC operatives attached to the Taskforce on Currency Mutilation, Dollarization of the Economy and Forex Malpractice.

According to the statement, the arrest of the suspects came on the heels of the EFCC’s consistent efforts to sanitise and stabilise the foreign exchange market.

The suspects are :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 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.

EFCC said the suspects will be arraigned in court upon conclusion of investigations.