The Kano Zonal Command of the Economic and Financial Crimes Commission (EFCC) has arrested 11 individuals implicated in currency racketeering within Kano State.
This arrest, made on Monday, February 19, 2024, resulted from an intelligence-driven inquiry that uncovered a syndicate operating in close proximity to the Central Bank of Nigeria (CBN) branch along Lagos Street in Kano metropolis.
According to a statement from the anti-graft agency on Saturday, February 24, the detained suspects are allegedly engaged in the unlawful trade of new Naira notes for commercial gain.
“During the operation, five members of the syndicate were caught in the act of selling new Naira notes to the public. Additionally, six bankers, accused of facilitating the sale by providing the Naira notes to the sellers on commission, were also apprehended,” the statement reads.
