Personnel of the Economic and Financial Crimes Commission, EFCC, attached to the Taskforce on Currency Mutilation, Dollarization of the Economy and Forex Malpractice, have arrested 34 suspected currency speculators for alleged foreign exchange fraud.
In a statement by EFCC spokesman, Dele Oyewale, they were arrested on Friday 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 anti-graft agency’s spokesman said the arrests came on the heels of the EFCC’s consistent efforts to sanitise and stabilise the foreign exchange market.
According to him, the suspects would soon be arraigned in court upon conclusion of investigations.
Join our twitter community :