In a swift operation targeting illicit foreign exchange activities, the Economic and Financial Crimes Commission (EFCC) apprehended 34 individuals suspected of currency speculation in Abuja.
The arrests were executed by operatives from the EFCC's Taskforce on Currency Mutilation, Dollarization of the Economy, and Forex Malpractice, following credible intelligence gathered about illegal currency trading in the Wuse Zone 4 area of the Federal Capital Territory.
According to Dele Oyewale, the spokesperson for the EFCC, the suspects were rounded up in a sting operation conducted on Friday. Among those apprehended were Usman Mohammed, Abdullahi Nasir, Abubakar Saleh, and Mohammed Kabir Ibrahim, along with several others involved in the alleged fraudulent activities.
Oyewale emphasized that the arrests were part of the EFCC's ongoing efforts to sanitize and stabilize Nigeria's foreign exchange market, combating fraudulent practices that undermine the country's economic stability.
The suspects are set to face charges in court once investigations are concluded.
