Home NEWS EFCC Arrests 11 Suspected Currency Racketeers in Kano

EFCC Arrests 11 Suspected Currency Racketeers in Kano

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Operatives of the Kano Zonal Command of the Economic and Financial Crimes Commission, EFCC, have arrested 11 (eleven) suspected currency racketeers for their alleged involvement in the sale of new naira notes for commercial purposes.

Read Also: EFCC Arraigns Serial Fraudster for Alleged N2.8m Fraud in Kano

They were arrested on Monday, February 19, 2024 following fruitful intelligence that un-masked 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.

Read Also: EFCC Arrests Ex-Minister, One Other for Alleged N3.6bn Fraud

Six bankers who were alleged to be selling the naira notes to the sellers on commission were also arrested.

They will soon be arraigned in court upon conclusion of the investigation.

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