New Telegraph

September 18, 2024

EFCC Arrests 34 Currency Speculators In Abuja

The Economic and Financial Crimes Commission (EFCC) has arrested no fewer than 34 suspected currency speculators for alleged foreign exchange fraud.

The anti-graft agency in a statement issued on Friday by its spokesperson, Dele Oyewale said the suspects were arrested as part of a sting operation based on solid intelligence concerning unlawful dollar trades in the Wuse Zone 4 area of Abuja.

According to him, the suspects’ names 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, and Amina Garba Rola.

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Muhammed Aliyu, Murtala Haruna, Sani Mohammed, Umar Farouk, Muhammed Sagiuru, Aminu 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 are among the others.

He added that the 37 suspects arrested follow the EFCC’s consistent efforts to clean up and stabilise the foreign exchange market.

He, however, added that the suspects would be arraigned in court after the investigations were completed.

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