EFCC, JTF Joint Operation Nets 115 Suspected Currency Racketeers in Enugu, Recovers Millions

In a collaborative operation, the Enugu Zonal Command of the Economic and Financial Crimes Commission (EFCC) joined forces with a Joint Task Force (JTF) comprising teams from the Nigeria Police Force and Nigeria Customs Service to arrest 115 suspected currency racketeers in Enugu State.

The operation, carried out on February 21, 2024, resulted in the recovery of substantial amounts of local and foreign currencies.

The suspects, consisting of 113 males and two females, were apprehended in a sting operation at Owerri Road, Ogui, Enugu State. The arrests followed credible intelligence pointing to illegal foreign exchange activities conducted by bureau de change operators, currency speculators, and street hawkers in the area.

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A significant amount of currency was recovered from the suspects, including N110,700,000.00 (One Hundred and Ten Thousand, Seven Hundred Naira only), $8,368.00 (Eight Thousand, Three Hundred and Sixty-Eight United States Dollars), £145.00 (One Hundred and Forty-Five Pounds), €2,725 (Two Thousand, Seven Hundred Twenty-Five Euros), 900 South African Rands, 32,000.00 CFA, 100 Turkiya, and 500 Bank Mozambique currencies in various denominations. Additionally, a safe abandoned by one of the street hawkers was also seized.

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Preliminary investigations have revealed that some of the apprehended suspects are foreigners from Niger Republic. The EFCC and JTF are committed to charging the suspects to court, ensuring that legal proceedings follow due process.

This joint operation reflects the dedication of law enforcement agencies to combat illegal financial activities and maintain the integrity of the currency market. The apprehension of these suspected currency racketeers marks a significant step in the ongoing efforts to curb economic crimes in the region.

Source: EFCC Nigeria (@officialEFCC)