The Economic and Financial Crimes Commission (EFCC) has arrested 34 suspected currency speculators for alleged foreign exchange fraud.
The arrests were made by personnel attached to the Taskforce on Currency Mutilation, Dollarization of the Economy, and Forex Malpractice in a sting operation on Friday.
According to EFCC spokesman Dele Oyewale, the arrests followed credible intelligence about illegal sales of dollars in the Wuse Zone 4 area of the Federal Capital Territory, Abuja.
The suspects arrested 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 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.
The EFCC’s spokesman stated that the arrests are part of the agency’s efforts to sanitize and stabilize the foreign exchange market.
The suspects will be arraigned in court upon the conclusion of investigations.
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