EFCC has arrested 34 suspected currency speculators in Abuja.

Men of the Economic and Financial Crimes Commission, assigned to tackle currency mutilation, dollarisation of the economy, and forex malpractice, have arrested 34 suspected currency speculators accused of foreign exchange fraud.

This was made known in a statement shared on the commission’s website on Friday.

The statement said, “Operatives of the Economic and Financial Crimes Commission, EFCC, attached to the Taskforce on Currency mutilation, Dollarisation of the Economy and Forex Malpractice, have arrested 34 suspected currency speculators for alleged foreign exchange fraud.

“They were arrested on Friday, April 26, 2024 in a sting operation following credible intelligence about illegal sales of dollars at the Wuse Zone 4 area of the Federal Capital Territory Abuja.

“The suspects are :Usman Mohammed, Abdullahi Nasir, Abubakar Saleh, Mohammed Kabir Ibrahim, Abubakar Ghadafi, Muktar Usman, Umar Abubakar Abba, Yakubu Sani, Aminu Abubakar, Muhammed Suleman Abara, Yusuf Tahir, Usman Lawal, Usman Lawal, Usman Umar, Amina Garba Rola, Muhammed Aliyu, Murtala Haruna, Sani Mohammed, Umar Farouk, Muhammed Sagiuru, Aminu Salisu, Lawal Bello, Munzali Hashim, Jamilu Suleiman, Mustapha Umar, Mubarak Tanimu, Adamu Garba, Mohammed Usman, Bello Musa, Saleh Mohammed Naseer, Zaharadeen Yau, Musa Umaru Adamu, Usman Machido and Abdulaziz Abubakar Abba.

Suspected currency speculators

“Their arrest came on the heels of the EFCC’s consistent efforts to sanitise and stabilise the foreign exchange market.

“They will soon be arraigned in court upon the conclusion of investigations”