In a significant operation targeting currency fraud, operatives of the Economic and Financial Crimes Commission (EFCC), working in collaboration with the Taskforce on Currency Mutilation and Forex Malpractice, have apprehended 34 individuals suspected of engaging in illegal foreign exchange activities.
The arrests, conducted on Friday, April 26, 2024, followed meticulous intelligence gathering pointing to unlawful currency trading in the Wuse Zone 4 area of the Federal Capital Territory, Abuja.
Among the detained suspects are: Usman Mohammed, Abdullahi Nasir, Abubakar Saleh, Mohammed Kabir Ibrahim, Abubakar Ghadafi, and several others named in the ongoing investigation.
The EFCC's crackdown on currency malpractice underscores its commitment to combating financial crimes and restoring integrity to the forex market. This operation aligns with the agency's ongoing efforts to curb illicit activities and stabilize the nation's economy.
The arrested individuals are currently undergoing thorough investigation, with the aim of gathering evidence to facilitate their prosecution. Once the inquiry is concluded, they will be arraigned in court to face charges related to foreign exchange fraud.
The EFCC remains steadfast in its resolve to uphold the rule of law and hold accountable those involved in fraudulent practices that undermine the nation's economic stability. Through sustained enforcement actions and collaboration with relevant stakeholders, the commission aims to deter illicit financial activities and safeguard the integrity of Nigeria's financial systems.
| Posted: at | |
kp45
fineboy77
gogoman
Jiiitk4
TRENDING GISTS 
FCT Minister Nyesom Wike Acknowledges Mistake in Supporting Successor, Fubara, Promises Correction
EFCC Nabs 26 Suspected Internet Fraudsters In Port Harcourt Raid
NFF To Officially Introduce Finidi George As New Super Eagles Head Coach At Media Session Monday
Five-Year-Old Boy, Ditebogo Junior Shot Dead In Hijacking Outside Family Home
This Nigerian Woman’s Unusual Makeup Stirs Mix Reactions on The Streets (Video)
Lady Raises Alarm Over State of Actor, Nonso Diobi After Spotting Him in Her Area (Video)