Efforts to increase the value of the naira led to the arrest of 34 suspected currency speculators by the Economic and Financial Crimes Commission‘s (EFCC) Taskforce on Currency Mutilation, Dollarization of the Economy, and Forex Malpractice.
EFCC spokesman, Dele Oyewale, listed the names of those arrested as: 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.
Other suspects are: 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.
The arrests took place on Friday, April 26, in Wuse Zone 4 area of FCT, Abuja, following intelligence about illegal dollar sales.
The arrests were part of EFCC’s ongoing efforts to clean up and stabilize the foreign exchange market. The suspects will be taken to court once investigations are completed.
