Naira Crash: EFCC Arrests 34 Currency Speculators In Abuja

EFCC has arrested 34 currency speculators in Abuja.

 

As part of efforts to improve the value of the naira, 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 over alleged foreign exchange fraud.

 

They were arrested on Friday, April 26, in a sting operation following credible intelligence about illegal sale of dollars at the Wuse Zone 4 area of the FCT, Abuja.

 

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EFCC spokesman, Dele Oyewale, listed the names of those arrested as: 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 and Amina Garba Rola.

 

Other suspects as: 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.

 

Oyewale said the arrests came on the heels of the EFCC’s consistent efforts to sanitise and stabilise the foreign exchange market.

 

He said that the suspects would soon be arraigned in court upon conclusion of investigations.