EFCC Nabs Three Currency Racketeers, Recovers N1.3 Million and ATM Cards

The Kaduna Zonal Command of the Economic and Financial Crimes Commission (EFCC) has arrested three persons for allegedly engaging in currency racketeering.

The suspects, identified as Musa Gideon, Abdul Adamu, and Justine Musa, were caught red-handed while trying to sell new naira notes to an EFCC undercover agent on Yakubu Gowon way, Kaduna, on Wednesday, February 7, 2024.

According to a statement by the EFCC spokesperson, Dele Oyewale, the operation led to the recovery of new and old naira notes worth N1,307,400 and several Automated Teller Machine (ATM) cards from the suspects. He said that the suspects would be arraigned in court after the completion of investigations.

Oyewale also revealed that the EFCC has set up a Special Task Force in all its Zonal Commands to enforce the laws against currency mutilation and dollarization of the economy.

He said that the Task Force, which was inaugurated by the EFCC Executive Chairman, Ola Olukoyede, was aimed at safeguarding the economy from corruption, leakage and distortion. He added that the commission was determined to uphold all the laws that promote the economic growth of the country.