The Kaduna Zonal Command of the Economic and Financial Crimes Commission (EFCC) has arrested three individuals under suspicion of involvement in racketeering activities totaling the sum of N1,307,400.
The spokesperson of the EFCC, Dele Oyewale, stated that the suspects identified as Musa Gideon, Abdul Adamu, and Justine Musa were intercepted and arrested along Yakubu Gowon Way on Wednesday, February 7, in Kaduna.
Their apprehension occurred while they were in the process of attempting to sell new Nigerian currency notes to an undercover operative of the EFCC.
During the operation, the EFCC successfully seized a significant amount of both new and old naira notes, totaling N1,307,400, alongside numerous Automated Teller Machine (ATM) cards.
However, the EFCC has affirmed its commitment to ensuring that justice is served. Once the investigations are concluded, the apprehended suspects will face legal proceedings in court.
Recognizing the severity of such financial crimes and their detrimental impact on the economy, the EFCC has taken proactive measures, it has established a specialized task force across all its Zonal Commands, aimed at enforcing existing laws against currency mutilation and the unlawful dollarization of the economy.
This initiative, initiated under the directive of the commission’s Executive Chairman, Ola Olukoyede, seeks to safeguard the economy from potential abuses, leakages, and distortions.
He added that this recent operation underscores the EFCC’s unwavering commitment to upholding the rule of law and ensuring the stability and integrity of Nigeria’s financial system.
The agency through rigorous enforcement efforts and collaboration with relevant stakeholders, the EFCC remains steadfast in its mission to combat financial crimes and promote economic growth and stability.
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