EFCC Taskforce Apprehends 27 Alleged Currency Speculators In Abuja Crackdown

EFCC Taskforce Apprehends 27 Alleged Currency Speculators In Abuja Crackdown

Operatives from the Economic and Financial Crimes Commission (EFCC), working under the Taskforce on Currency Mutilation, Economic Dollarization, and Forex Malpractice, have apprehended 34 individuals suspected of engaging in fraudulent foreign exchange activities.

The arrests took place on Friday, April 26, 2024, as part of a meticulously planned sting operation based on credible intelligence indicating illegal dollar sales within the Wuse Zone 4 vicinity 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, Amina Garba Rola, Muhammed Aliyu, Murtala Haruna, Sani Mohammed, Umar Farouk, Muhammed Sagiuru, Aminu Salisu, Lawal Bello, Munzali Hashim, Jamilu Suleiman, Mustapha Umar, Mubarak Tanimu, Adamu Garba, Bello Musa, Saleh Mohammed Naseer, Zaharadeen Yau, Musa Umaru Adamu, Usman Machido, and Abdulaziz Abubakar Abba.

This operation follows the EFCC’s consistent endeavors to cleanse and stabilize the foreign exchange market. Pending the completion of investigations, the suspects will face legal proceedings in court.

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