EFCC Arrests 11 Suspected Currency Racketeers in Kano

EFCC Arrests 11 Suspected Currency Racketeers in Kano

According to EFCC, Operatives of the Kano Zonal Command of the Economic and Financial Crimes Commission, EFCC, have arrested 11 (eleven) suspected currency racketeers for their alleged involvement in the sale of new naira notes for commercial purposes.

EFCC stated this on their social media channels. They said they were arrested on Monday, February 19, 2024 following fruitful intelligence that un-masked a syndicate of fraudsters operating along Lagos Street, adjacent to the Central Bank of Nigeria, Kano.

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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 selling the naira notes to the sellers on commission were also arrested.

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