EFCC arrests 11 suspected currency racketeers in Kano

Operatives of the Kano Zonal Command of the Economic and Financial Crimes Commission have arrested 11 suspected currency racketeers for allegedly selling new naira notes.

According to a statement on Saturday, by the agency’s Head of Media and Publicity, Dele Oyewale, the suspects were arrested on Monday, February 19, 2024, following intelligence that unmasked a syndicate of fraudsters operating in Kano.

Five members of the syndicate were arrested with new naira notes being sold to members of the public, while the other six, reported to be bankers, were arrested for selling the notes to the sellers on commission.

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The EFCC said all the 11 suspects will be arraigned in court soon, when investigations are concluded.