An operation carried out by the Economic and Financial Crimes Commission (EFCC) Taskforce on Currency Mutilation, Dollarization of the Economy, and Forex Malpractice resulted in the arrest of 34 individuals suspected of engaging in foreign exchange fraud.
The suspects were apprehended in a sting operation on Friday in the Wuse Zone 4 area of the Federal Capital Territory, Abuja, based on credible intelligence received by the EFCC.
The arrested individuals include: 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.
Additional 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 EFCC spokesperson stated that these arrests are part of the agency’s ongoing efforts to clean up and stabilize the foreign exchange market.
Upon the completion of investigations, the suspects will be brought to court for prosecution.