NEWSMETRO

Bankers, Others Arrested For Currency Racketeering In Kano

The Kano Zonal Command of the Economic and Financial Crimes Commission (EFCC) has arrested 11 suspects, including six bankers, for engaging in currency racketeering.

The anti-graft agency, in a statement posted on its verified X handle, said the suspects were taken into custody on Monday, February 19, 2024, following an intelligence-driven investigation that exposed a syndicate operating in proximity to the Central Bank of Nigeria (CBN) branch along Lagos Street in Kano metropolis.

They were allegedly involved in the illicit sale of new Naira notes for commercial purposes.

During the operation, five members of the syndicate were caught selling new Naira notes to the public. Also, six bankers, accused of facilitating the sale by providing the Naira notes to the sellers on commission, were also apprehended.

The statement added that the suspects were undergoing investigation, and will be charged to court once concluded.

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