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EFCC Apprehends New Naira Note Racketeers In Abuja
The EFCC has on Monday arrested members of a syndicate of currency racketeers who hoard and trade the redesigned Naira notes .
Wilson Uwajaren the spokesman of the EFCC revealed that they were arrested in two seperate operations which took place at the Zone 4 and Dei Dei axis of the Federal Capital Territory on Saturday and Monday.
The operation followed intelligence on activities of unscrupulous currency speculators who were exploiting desperate citizens by offering them the new naira notes for foreign currencies at below the going rate, the anti-graft agency said.
He said the suspects have made useful statements, including disclosure that they were acting with some unscrupulous officials of Money Deposit Banks.
The commission vowed to extend the operation to all the major commercial centres of the country until all the syndicates involved in the illegal trade are demobilised.
It also warned financial system operators to desist from the sharp practices or risk arrest and prosecution.
Similarly, the Department of State Services (DSS) said it intercepted some members of organised syndicates involved in the sale of the new redesigned naira notes.
According to a statement on Monday by DSS spokesman, Dr Peter Afunanya, the Service in the course of its operations, also established that some Commercial Bank officials are aiding the economic malfeasance.
Consequently, the Service warned the currency racketeers to desist from this ignoble act.
