Eleven suspected currency racketeers have been arrested by operatives of the Economic and Financial Crimes Commission in Kano for their alleged involvement in the sale of new naira notes for commercial purposes.
They were arrested following fruitful intelligence that un-masked a syndicate of fraudsters operating along Lagos Street, adjacent to the Central Bank of Nigeria, Kano.
According to a statement by Edcc Spokesman Dele Oyewale, the syndicate allegedly specialises 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.
The statement read, “Operatives of the Kano Zonal Command of the Economic and Financial Crimes Commission, EFCC, have arrested 11 suspected currency racketeers for their alleged involvement in the sale of new naira notes for commercial purposes.
“They were arrested on Monday, February 19, 2024 following fruitful intelligence that unmasked a syndicate of fraudsters operating along Lagos Street, adjacent to the Central Bank of Nigeria, Kano.
“The syndicate allegedly specialized 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 been selling the naira notes to the sellers on commission were also arrested
“They will soon be arraigned in court upon conclusion of the investigation.”
