34 Suspected Currency Speculators Arrested

Information reaching the OsunReporters News confirmed that operatives of the Economic and Financial Crimes Commission, EFCC have arrested 34 suspected currency speculators for alleged foreign exchange fraud.

The EFCC team attached to the Taskforce on Currency mutilation, Dollarization of the Economy and Forex Malpractice, arrested the offenders on Friday, April 26, 2024 in a sting operation following credible intelligence about illegal sales of dollars at the Wuse Zone 4 area of the Federal Capital Territory Abuja.

The suspects include: 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, Amina Garba Rola, Muhammed Aliyu, Murtala Haruna, Sani Mohammed, Umar Farouk, Muhammed Sagiuru, Aminu Salisu.

Others are; 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.

Their arrest came on the heels of the EFCC’s consistent efforts to sanitise and stabilise the foreign exchange market.

Reports revealed that the suspects will be arraigned in court upon conclusion of investigations.