The Economic and Financial Crimes Commission (EFCC) has apprehended 34 suspected currency speculators in Abuja.
The operation, conducted by EFCC operatives from the Taskforce on Currency Mutilation, Dollarization of the Economy, and Forex Malpractice, targeted individuals allegedly involved in fraudulent foreign exchange activities.
The arrests, which took place in the Wuse Zone 4 area of the Federal Capital Territory, Abuja, were the result of actionable intelligence gathered by the EFCC.
According to Dele Oyewale, the spokesperson for the EFCC, the suspects were identified as Usman Mohammed, Abdullahi Nasir, Abubakar Saleh, and several others.
The EFCC emphasized its commitment to sanitizing and stabilizing the foreign exchange market, citing these arrests as part of its ongoing efforts in this regard. Oyewale announced that the suspects would face legal proceedings following the completion of investigations.
