EFCC arrests 11 suspected currency racketeers in Kano

EFCC arrests 11 suspected currency racketeers in Kano

Operatives of the Kano Zonal Command of the Economic and Financial Crimes Commission have arrested 11 suspected currency racketeers for allegedly selling new naira notes.

According to a statement on Saturday, by the agency’s Head of Media and Publicity, Dele Oyewale, the suspects were arrested on Monday, February 19, 2024, following intelligence that unmasked a syndicate of fraudsters operating in Kano.

Five members of the syndicate were arrested with new naira notes being sold to members of the public, while the other six, reported to be bankers, were arrested for selling the notes to the sellers on commission.

The EFCC said all the 11 suspects will be arraigned in court soon, when investigations are concluded.

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The statement read, “Operatives of the Kano Zonal Command of the Economic and Financial Crimes Commission, EFCC, have arrested 11 suspected currency racketeers for their alleged involvement in the sale of new naira notes for commercial purposes.

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“They were arrested on Monday, February 19, 2024 following fruitful  intelligence that unmasked a syndicate of fraudsters operating along Lagos Street, adjacent to the Central Bank of Nigeria, Kano.

“The syndicate allegedly specialized in selling naira notes. Five members of the syndicate were arrested with new naira notes being sold to the public.

“Six bankers who were alleged to be been selling the naira notes to the sellers on commission were also arrested

“They will soon be arraigned in court upon conclusion of the investigation.”

Nathaniel Shaibu

Nathaniel has for the past year covered civil societies, religion, metro and recently the women's ministry as correspondent with Punch Newspapers

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