EFCC Apprehends Currency Racketeers in Kano: 11 Suspects in Custody

Date: 24-02-2024 9:39 pm (2 months ago) | Author: Mister Jay Wonder
- at 24-02-2024 09:39 PM (2 months ago)
(m)

In a recent development, the Kano Zonal Command of the Economic and Financial Crimes Commission (EFCC) has successfully apprehended 11 individuals suspected of involvement in currency racketeering activities.

According to a statement released by Dele Oyewale, the Head of Media and Publicity for EFCC, the arrests took place on Monday, February 19, 2024, following actionable intelligence received by the commission.

The suspects were allegedly operating a syndicate engaged in the illicit sale of new Nigerian naira notes for commercial gains. The fraudulent activities were purportedly centered around Lagos Street, in close proximity to the Central Bank of Nigeria's Kano branch.

During the operation, EFCC operatives nabbed five members of the syndicate in possession of newly minted naira notes, which they were actively vending to the public.

Additionally, six individuals believed to be banking professionals were apprehended on allegations of facilitating the distribution of the illicit currency to the sellers in exchange for commissions.

As investigations into the matter progress, the arrested individuals will undergo thorough scrutiny, and upon completion of the inquiry, they will be arraigned in court to face appropriate legal action.

The EFCC continues to intensify its efforts in combating financial crimes and ensuring the integrity of Nigeria's currency system, as emphasized by these recent arrests in Kano.


Posted: at 24-02-2024 09:39 PM (2 months ago) | Addicted Hero
- fineboy77 at 24-02-2024 09:50 PM (2 months ago)
(m)
Kill them

Posted: at 24-02-2024 09:50 PM (2 months ago) | Addicted Hero
Reply
- gogoman at 24-02-2024 11:07 PM (2 months ago)
Online (m)
 Roll Eyes Roll Eyes Roll Eyes
Posted: at 24-02-2024 11:07 PM (2 months ago) | Grande Master
Reply
- taypetdun at 25-02-2024 01:30 AM (2 months ago)
(m)
what of the currency discovered in the warehouse, who owns it? Is the person above the law? It is a sabotage and criminal offence. If Nigeria has a functionable government and legislature, the person should be brought to book
Posted: at 25-02-2024 01:30 AM (2 months ago) | Upcoming
Reply
- Holopid at 25-02-2024 01:47 AM (2 months ago)
Online (f)
 Roll Eyes
Posted: at 25-02-2024 01:47 AM (2 months ago) | Gistmaniac
Reply
- nikiniki at 25-02-2024 02:47 AM (2 months ago)
(f)
But that is exactly what the POS vendors are doing and you permitted them. How can a nation currency be trading against itself? The core functions of banks have been shifted to the POS owners who places rates on deposits and withdrawals. Doesn't make sense. Release them asap!
Posted: at 25-02-2024 02:47 AM (2 months ago) | Gistmaniac
Reply
- Benti247 at 25-02-2024 02:09 PM (2 months ago)
(m)
YORUBA NATION... Even the Spokesperson of EFCC is Yoruba where the Chairman is also Yoruba. Same in Police and very many other agencies. I can't hear the Yoruba screaming to high heavens of northernization or Igbonization .
Posted: at 25-02-2024 02:09 PM (2 months ago) | Gistmaniac
Reply

fire TRENDING GISTS fire

TODAY'S TOP
  1. Betty Akeredolu Called Out By Aide, Folasade For Abandoning Her After Serving Her For 7Yrs

  2. Former ECOWAS Court VP Berates EFCC Chairman Over Press Briefing On Yahaya Bello

  3. Nigerian Man Allegedly Stabs Roommate To Death During Argument In Portugal

  4. Pandemonium As Bandits Strike Again, Kill Four, Abduct Six In Zamfara

  5. Drama Looms As Accountant Accuses Ex-Employer, Police Of Harassment In Lagos

  6. Residents Flee As Soldiers Leave Niger Community After Deadly Ambush

  7. VIDEO: Warri Pikin Hails Veteran Actor, RMD As He Visits Her Family

  8. Reactions As 23Yr Old Man Flaunts Wealth Online, Shows Off Expensive House He Newly-Built

  9. Rising Singer, Shine TTW Lament On How Policemen Damaged His Car, Harassed Him After Tagging

  10. How Police Nabbed Kidnappers Who Killed Victim After Collecting N3m Ransom In Jigawa

  11. Eight Mobile Suspected Phone Snatchers Arrested In Kano

  12. VIDEO: Abroad-Based Nigerian Cries Profusely Over Failure To Make It In The UK

  13. Man Sentenced To Physical Castration And 50 Years In Jail For Raping 14 Year Old Girl


THIS WEEK
  1. Davido Reveals Fate of Peruzzi And Other Signed Artistes After Dissolving DMW Record Label

  2. Pastor, David Odeniyi Seeks Divorce After Wife Strips Him Nak3d In Front Of His Congregation

  3. Abia Police Parade Suspected Criminals, Including ABSU Student Involved In Fatal Shooting

  4. 'Brand Ambassador', Phyna Calls Out Pepsi For Supplying Her Expired Drinks

  5. How Past Abia Govt Paid N107.2 Bn To Contractors For Non-existent Abia Airport & Other Projects

  6. Lady Who Was Dragged For Wearing a Racy 'Asoebi' Outfit to a Wedding Reception Breaks Silence

  7. Ex-Nigerian Customs Sole Administrator, Omlago Ango Damages Estranged Wife's Abuja Home

  8. UNIPORT Lecturer Caught on Camera Pants Down, S3xually Harassing a Female Student in His Office

  9. Lady Who Left The UK With Her Family to Return Home to Nigeria Reveals Why She Did So

  10. Abia State Police Arrest Suspects Linked To Mysterious Death of 23-Yr-Old Hope Chinedu Prosper


TOP MEMBERS: