The Economic and Financial Crimes Commission has said it arrested members of a syndicate of currency racketeers hoarding and trading in the redesigned Naira notes in Abuja.
According to the EFCC spokesperson, Wilson Uwujaren, the operations were carried out in Zone 4 and Dei Dei axis of the Federal Capital Territory.
He noted that the operation followed intelligence on activities of unscrupulous currency speculators who were exploiting citizens by offering them the new naira notes for foreign currencies at below the going rate.
The action came a day after the governor of the Central Bank of Nigeria, Godwin Emefile, said the apex bank would collaborate with law enforcement agencies such as the EFCC and the Independent Corrupt Practices and Other Related Offences Commission, to track such heavy withdrawals.
