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EFCC ARRESTS 11 OVER ALLEGED CURRENCY RACKETEERING IN KANO
Operatives of the Kano Zonal Command of the Economic and Financial Crimes Commission, have arrested 11 suspected currency racketeers for their alleged involvement in the sale of new naira notes for commercial purposes.
They were arrested following fruitful intelligence that un-masked a syndicate of fraudsters operating along Lagos Street, adjacent to the Central Bank of Nigeria, Kano.
According to a statement by Edcc Spokesman Dele Oyewale, the syndicate allegedly specialises in selling naira notes.
Five members of the syndicate were arrested with new naira notes being sold to the public. Six bankers who were alleged to be selling the naira notes to the sellers on commission were also arrested.
The statement said that the suspects would soon be arraigned in court upon conclusion of the investigation.
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