EFCC has arrested a currency speculator in Abuja and also recovered over $6 million from BDC operators.
IDOMA VOICE reports that the Economic and Financial Crimes Commission (EFCC) has arrested one Mustapha Muhammad, an alleged currency speculator in Abuja.
This online news platform understands that the arrest was made known by the Commission on its official Twitter handle on Wednesday, November 16, 2022. The alleged currency speculator whose picture was released by the EFCC is also known as Mustapha Naira.
The commission noted that the arrest was made as part of their effort to sanitise the foreign exchange market, and all shades of economic sabotage.
The EFCC’s statement: According to the EFCC, Mustapha was arrested on Saturday in the Wuse area of Abuja.
“As part of its ongoing operation to sanitise the foreign exchange market and rid it of speculators and all shades of economic saboteurs, the EFCC has arrested one Mustapha Muhammed alias Muaspaha Naira.
“He was picked up by operatives of the commission on Saturday, November 12, 2022, at Wuse Zone 4, the hub of parallel market operations in the Federal Capital Territory.
“The suspect has made a useful statement while the investigation continues.”
Rice, a staple for Christmas celebrations in Nigeria, has become a luxury this year. Soaring…
Panic erupted on Saturday at a concert in Lagos when the stage collapsed during Odumodublvck’s…
The Federal Government of Nigeria has allocated ₦6,364,181,224 billion for the refurbishment and rehabilitation of…
The black market dollar to naira exchange rate for today, 22nd December 2024, can be…
The Nigerian National Petroleum Company Limited (NNPCL) has refuted claims that the 60,000 barrels per…
Manchester City finds itself in unprecedented turmoil, with relegation-level form showing little sign of improvement.…
