suspected currency racketeers Nabbed in Lagos

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Operatives of the Economic and Financial Crimes Commission, EFCC, have arrested six persons in Lagos over alleged involvement in currency racketeering and the sale of new naira notes for commercial purposes.

Its spokesperson, Dele Oyewale, said this in a statement on Tuesday in Abuja.

According to him, the suspects are Adebayo Amupitan, Alimat Oyebode, Isiaka Yusuf, Adeoti Folake, Kafayat Yakub, and Bose Lateef.


“They were arrested at various locations in Lagos, between Feb. 16 and February 17.

“A total sum of N2,597,000, two million five hundred and ninety-seven thousand naira was recovered from them.

“Investigations showed that the suspects specialised in selling new naira notes of different denominations for commercial purposes and financial gain.

He said that the suspects would soon be arraigned in court.