EFCC In Kaduna Arrest Three  Suspected Naira  Racketeers



By AMOS TAUNA, Kaduna 

Three persons have been apprehended by the operatives of the Kaduna Zonal Command of the Economic and Financial Crimes Commission (EFCC), in connection with suspected racketeering of N1,307,400.

The spokesperson for the EFCC, Dele Oyewale,   in a statement on Wednesday, disclosed the development.

Oyewale said that the suspects, Musa Gideon, Abdul Adamu, and Justine Musa were arrested along Yakubu Gowon way, Kaduna on Wednesday, February 7, 2024, while trying to sell new Naira notes to an EFCC’s undercover operative.

The operative, the statement added,  a member of the Special Task Force set up for the enforcement of extant laws against currency mutilation and dollarisation of the economy by the EFCC Chairman, Ola Olukoyede, functioned in a sting operation carried out by the team.

The statement explained, “The operation yielded the arrest of the three suspects selling new and old naira notes to the tune of N1,307,400 and many Automated Teller Machine cards.”

It said that the suspects would be charged to court as soon as investigations are concluded.

A Special Task Force has been raised by the EFCC across its commands, against the backdrop of the falling naira as its operatives clamp down on individuals mutilating the Naira and dollarizing the Nigerian economy.

The spokesperson for the anti-graft agency, Oyewale, in a statement on Wednesday, revealed that the EFCC had arrested some perpetrators issuing invoices in dollars and mutilating the Naira in Lagos and Rivers states.

Oyewale said that the EFCC has raised a Special Task Force in all its zonal commands for the enforcement of extant laws against currency mutilation and dollarization of the economy.

The statement explained that the task force, inaugurated by the Executive Chairman of the commission, Ola Olukoyede, was raised to protect the economy from abuses, leakages and distortions exposing it to instability and disruption

Already, it said that the commission has made some arrests of perpetrators of issuance of invoices in dollars and mutilation of the Naira in Lagos and Port Harcourt.

It noted that proprietors of private universities and other institutions of higher learning charging fees in dollars have been invited by the commission.

It said that the commission is committed to the enforcement of all laws in place for the reflation and stimulation of the economy.


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