EFCC operatives arrest forex speculators in Aba, Makurdi

According to posts on the website of the Economic and Financial Crime Commission, its operatives of the Uyo Zonal Command on Friday, May 17, 2024, arrested five suspected forex speculators at the Ama-Hausa mosque, along Hospital Road, Aba in Abia State in Abia State, South East Nigeria.

The arrested suspects are: Hassan Umaru; Haruna Umar Badamasi Abdullahi , Auwal Muhammed and Kasimu Muhammed.
The suspects were in possession of different currencies in varied sums at the point of arrest.

The recovered currencies are: 23,000 Won (Korean currency), 52 (Yuan Chinese currency), $6, 500 Nippon Ginko, 40 notes of Dalawampung piso( Philippines Currency) 20 Gambian Dalasis, 20 Swaziland currency and N382,000(Three Hundred and Eighty-Two Thousand Naira only).

Other recovered items from them are, seven mobile phones, one power bank, one air pod, and one ATM card.
They were arrested by operatives of the Command, following weeks of surveillance and credible intelligence.

Against suspected forex speculators were arrested along New Garage, Wadata in Makurdi.

The suspects, Abubakar Sadiq Adejoh, Mohammed Habib Adejoh and Solomon Adejoh allegedly specialise in diverting customers’ funds from their accounts to a Point of Sale, POS, terminal for withdrawal.

Items recovered from them include a car, six mobile phones, one laptop and cash totaling N3,562,750.00 ( Three Million Five Hundred and Sixty Two Thousand, Seven Hundred and Fifty Naira) only.

They will be charged to court as soon as investigations are concluded.