Categories: News

EFCC Arrests Suspected Currency Racketeer, Fake Bureau-de Change Operators

Men of the Lagos Zonal Command of the Economic and Financial Crimes Commission (EFCC) have arrested one Kafayat Lateef over alleged currency racketeer.

According to the EFCC, the arrest was sequel to a sting operations carried out by EFCC’s operatives between May 10 and 13, 2024 at different parts of Lagos.

Subsequently, Kafayat was arrested for alleged involvement in the sale of the Naira notes in different denominations.

Also arrested by the antigraft agency were thirteen fake Bureau-de-Change operators.

A statement by the EFCC on Wednesday indicated that thee operators were operating BDC without an appropriate licence.

The suspects are Abdulahi Musa, Garba Abdullahi, Dauda Hussaini, Jubril Musa, Abdulwaheed Iliyasu and Abubakar Mohammed.

Others are Umar Saidu, Nurudeen AbdulAzeez, Hamidu Usman, Yusuf Isa, Musa Ishaka, Liman Makki and Idris Mohammed.

“They were arrested during sting operations by EFCC’s operatives between May 10 and 13, 2024 at different parts of Lagos, following credible intelligence received by the Commission about their illicit business activities.

“Also, a suspected currency racketeer, Kafayat Lateef was arrested for alleged involvement in the sale of the Naira notes in different denominations

“A sum of N2,100,000 was recovered from her at the point of arrest,the statement added.

The suspects will soon be charged in court as soon as investigations are concluded.

Hafsoh Isiaq

Hafsoh Isiaq is a graduate of Linguistics. An avid writer committed to creative, high-quality research and news reportage. She has considerable experience in writing and reporting across a variety of platforms including print and online.

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