11 Suspected Currency Racketeers Arrested in Kano

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The Economic and Financial Crimes Commission (EFCC) has arrested 11 suspected currency racketeers for their alleged involvement in the sale of new naira notes for commercial purposes.

In a statement over the weekend, the EFCC said operatives of its Kano Zonal Command arrested the suspects on Monday, February 19, following fruitful intelligence that un-masked a syndicate of fraudsters operating along Lagos Street, adjacent to the  Central Bank of Nigeria, Kano.

The anti-graft agency said the syndicate allegedly specialised 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.

“They will soon be arraigned in court upon conclusion of the investigation,” the EFCC said.

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