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Currency racketeers: EFCC arrests 170, jailed 23 in one month
The Economic and Financial Crimes Commission EFCC has revealed that not less than 23 currency racketeers are currently in Correctional Center while 170 were arrested for similar offenses.
The EFCC gaffer, Ola Olukoyede noted “That the EFCC has secured 23 convictions for the offence of currency racketeering and operation of illegal BDCs with the Special Task Force in less than a month lends evidence to hard work and dedication.
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“Eleven of the convictions were recorded in Kano alone; three in Ilorin, the Kwara State capital, five in Lagos, one in Port Harcourt and three in Kaduna.
“Currently facing prosecution for the same offenses are 170 suspects, spread across just eight zonal offices of Kano, Ibadan, Enugu, Lagos, Abuja, Port Harcourt, Uyo and Maiduguri.”
“Some of the suspects are foreigners from neighbouring countries. It is cheerless that whereas denominating service charges and prices in currencies order than the naira, as well as naira mutilation and offering it for sale are designated as offences in the country, enforcement has been lax until the EFCC under Olukoyede took up the gauntlet.”