Naira Crash: Joint Task Force Raids Enugu Arrests 115 Suspects For Currency Racketeering

On Wednesday, a Joint Task Force made up of the Nigeria Police Force, the Nigeria Customs Service, and the Economic and Financial Crimes Commission, Enugu Zonal Command, arrested 115 (one hundred and fifteen) people who were allegedly involved in currency racketeering in Enugu State.

The suspects, 113 men and 2 women, were apprehended during a sting operation at Owerri Road, Ogui, Enugu State, after the task force received trustworthy information about specific bureau de change operators, currency speculators, and street vendors operating illegal foreign exchange markets in that area.

The majority of the suspects were foreign nationals from the Niger Republic, according to preliminary investigations, the JTF said in a statement that was uploaded on the EFCC’s official X account on Thursday.

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 are among the items that were recovered from them, according to the statement. Additionally, a safe that a street vendor had left behind was found.