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EFFCC TASKFORCE ARRESTS 34  CURRENCY SPECULATORS IN ABUJA


Operatives of the Economic and Financial Crimes Commission, EFCC, attached to Taskforce on Currency mutilation, dollarization of the economy and forex malpractice, have arrested 34 suspected currency speculators for alleged foreign exchange fraud.

Ideal Reporters gathered that the suspects were arrested on Friday, 26th April, 2024 in a sting operation following intelligence about illegal sales of dollars at Wuse Zone 4, in the Federal Capital Territory, Abuja.

Those arrested on the said allegation as revealed by EFCC Spokesman, Dele Oyewale in a statement include: Usman Mohammed, Abdullahi Nasir, Abubakar Saleh, Mohammed Kabir Ibrahim, Abubakar Ghaddafi, Muktar Usman, Umar Abubakar Abba, Yakubu Sani, Aminu Abubakar, Muhammed Suleman Abara. 

Others are Yusuf Tahir, Usman Lawal, Usman Lawal, Usman Umar, Amina Garba Rola, Muhammed Aliyu, Murtala Haruna, Sani Mohammed, Umar Farouk, Mohammed Sagiru, Aminu Salisu, Lawal Bello, Munzali Hashim, Jamilu Suleiman, Mustapha Umar, Mubarak Tanimu, Adamu Garba, Mohammed Usman, Bello Musa, Saleh Mohammed Nasir, Zaharadeen Ya'u, Musa Umaru Adamu, Usman Machido and Abdulazziz Abubakar Abba.

Their arrest came on the heels of the EFCC's consistent efforts to sanitise and stabilise the foreign exchange market. They will soon be arraigned before the Court for onward legal action.

Currency speculation and dollarization of Nigerian play significant role undermining the commitment of government to strengthen the Naira, boost the economy and see to a progressive country. It is hoped that the Anti-Graft Agency will continue to clampdown on those threatening the growth of the country.

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