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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.
Dele Oyewale, the agency’s head of media and publicity, made a statement on Saturday stating that the suspects were taken into custody on Monday, February 19, 2024, as a result of information that exposed a group of con artists operating in Kano.
Six syndicate members—reportedly bankers—were detained for allegedly selling the notes to the sellers on commission, while five syndicate members were arrested while selling new naira notes to members of the public.
The 11 suspects will all be charged in court when the investigations are finished, according to the EFCC.
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.
“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.”