Operatives of the Economic and Financial Crimes Commission, EFCC, Kano Zonal Command, have arrested 11 suspected currency racketeers for their alleged involvement in the sale of new naira notes for commercial purposes.

A terse statement issued by the anti-graft agency on Saturday, said the suspects were arrested on Monday, February 19, 2024 following intelligence report on their activities along Lagos Street, adjacent to the Central Bank of Nigeria, (CBN), Kano.

The syndicate allegedly specialized in selling naira notes.

” Five members of the syndicate were arrested with new naira notes being sold to the public.

” Six bankers who were alleged to be selling the naira notes to the sellers on commission were also arrested.

“They will soon be arraigned in court upon conclusion of the investigation,” the statement said.



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