The Economic and Financial Crimes Commission (EFCC) operatives, assigned to the Taskforce on Currency Mutilation, Dollarization of the Economy, and Forex Malpractice, have apprehended 34 individuals suspected of engaging in foreign exchange fraud. The arrests were made during a sting operation on Friday, following credible intelligence regarding illicit dollar sales in the Wuse Zone 4 area of the Federal Capital Territory Abuja.
As conveyed by EFCC spokesperson Dele Oyewale, the suspects include individuals such as Usman Mohammed, Abdullahi Nasir, Abubakar Saleh, and others listed in the statement. The arrests reflect the EFCC’s ongoing efforts to cleanse and stabilize the foreign exchange market.
Oyewale stated that upon the completion of investigations, the suspects will be brought before the court to face charges.