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EFCC arrests 34 suspected currency speculators in Abuja

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Economic and Financial Crimes Commission (EFCC) has informed that 34 suspected currency speculators were arrested for alleged foreign exchange fraud by its operatives attached to its Taskforce on Currency Mutilation, Dollarization of the Economy, and Forex Malpractice.

The arrests, according to the commission’s spokesperson, Dele Oyewale, were arrested today (Friday) in a sting operation following credible intelligence about illegal sales of dollars at the Wuse Zone 4 area of the Federal Capital Territory (FCT), Abuja.

The suspects are: 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 and Muhammed Sagiuru.

Others, according to Oyewale are Salisu, 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.

The EFCC spokesperson stated in a release that the suspects’ arrest came on the heels of the anti-graft agency’s consistent efforts to sanitise and stabilise Nigeria’s foreign exchange market.

He added that they will soon be arraigned in court upon the conclusion of investigations.

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