Northern Nigerian Breaking News

EFCC arrests 6 bankers, 5 others for currency racketeering in Kano

The Economic and Financial Crimes Commission, EFCC, has arrested eleven (11) suspected currency racketeers in Kano for their alleged involvement in the sale of new naira notes for commercial purposes.

SOLACEBASE reports that operatives of the Kano Zonal Command of the commission carried out the arrest.

According to a post on the Commission X handle, on Saturday, they were arrested on Monday, February 19, 2024, following fruitful intelligence that un-masked a syndicate of fraudsters operating along Lagos Street, adjacent to the Central Bank of Nigeria, Kano.

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The syndicate allegedly specialized in selling naira notes. Five members of the syndicate were arrested with new naira notes being sold to the public. 

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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 the conclusion of the investigation.


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