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)

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)
Kill them

Posted: at 24-02-2024 09:50 PM (2 months ago) | Addicted Hero
- 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
- taypetdun at 25-02-2024 01:30 AM (2 months ago)
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
- 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
- nikiniki at 25-02-2024 02:47 AM (2 months ago)
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
- Benti247 at 25-02-2024 02:09 PM (2 months ago)
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


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