Operatives of the Economic and Financial Crimes Commission (EFCC) have apprehended two men in Uyo, Akwa Ibom State, for allegedly mutilating Nigerian Naira notes in violation of the country’s currency regulations.
The suspects, identified as Ejiofor Joseph Abuju and Temple Sunday Kachi, were arrested by the EFCC’s Special Task Force on Dollarization and Currency Mutilation, following intelligence reports linking them to the illegal act. The arrests were made at the Flairmore Event Centre on Edet Akpan Avenue in Uyo.
According to the EFCC, the suspects were involved in the mutilation of Naira notes, an offence punishable under Nigerian law, which has seen increased scrutiny by the Commission in recent months. The investigation into the matter is ongoing, and the two suspects will be charged in court once the investigation is concluded.
This arrest highlights the EFCC’s continued efforts to combat economic crimes, particularly those that undermine the integrity of the national currency. The Commission has warned that it will not relent in its fight against currency-related crimes, including the illegal mutilation and defacement of the Naira, which can disrupt financial stability and economic growth.
As investigations progress, the EFCC is calling on members of the public to report any instances of currency mutilation or similar offences to its offices, further bolstering efforts to maintain the sanctity of the Naira.
Support InfoStride News' Credible Journalism: Only credible journalism can guarantee a fair, accountable and transparent society, including democracy and government. It involves a lot of efforts and money. We need your support. Click here to Donate