EFCC arrests new naira notes hoarders in Abuja

Members of a syndicate of currency racketeers hoarding and trading the redesigned Naira notes in Abuja, have been arrested by operatives of the Economic and Financial Crimes Commission.

EFCC spokesperson, Wilson Uwujaren, said the operations were carried out in Zone 4 and Dei Dei axis of the Federal Capital Territory between Saturday, January 28, and Monday, January 30. 

The operation followed intelligence on activities of unscrupulous currency speculators who were exploiting citizens by offering them the new naira notes for foreign currencies at below the going rate.

This is also coming after the Department of State Security Service announced that its operatives arrested some currency traders who have turned the sale of newly redesigned notes into brisk business.

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