EFCC Arrests Six Suspected Currency Racketeers in Lagos

Feb. 21, 2024

Operatives of the Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC, have arrested six persons for their alleged involvement in currency racketeering and the sale of new naira notes for commercial purposes.

The suspects are: Adebayo Amupitan, Alimat Oyebode, Isiaka Yusuf, Adeoti Folake, Kafayat Yakub, and Bose Lateef.

They were arrested at various locations in Lagos, between February 16 and 17, 2024.

A total sum of N2,597,000 (Two Million Five Hundred and Ninety-Seven Thousand Naira) was recovered from them.

Investigations showed that the suspects specialised in selling new naira notes of different denominations for commercial purposes and financial gain.
They will soon be arraigned in court.