Operatives from the Economic and Financial Crimes Commission’s Kano Zonal Command apprehended 11 accused currency racketeers for allegedly peddling fresh naira notes.
The statement released on Saturday by the agency’s Head of Media and Publicity, Dele Oyewale, the offenders were detained on Monday, February 19, 2024, following intelligence that revealed a gang of fraudsters operating in Kano.
Five members of the syndicate were detained for selling fresh naira notes to members of the public, while the other six, believed to be bankers, were arrested for selling the notes to the dealers on commission.
According to the EFCC, all 11 individuals would be charged in court as soon as investigations are completed.
The statement reads:
“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.”
cc: Punch Ng
