Thirteen individuals suspected of operating fake Bureau De Change businesses without proper licenses have been apprehended by operatives of the Lagos Zonal Command of the Economic and Financial Crimes Commission.
According to a statement by the commission’s Head of Media & Publicity, Dele Oyewale, the arrests were made following credible intelligence received by the EFCC about their illicit activities.
The suspects were identified as Abdulahi Musa, Garba Abdullahi, Dauda Hussaini, Jubril Musa, Abdulwaheed Iliyasu, Abubakar Mohammed, Umar Saidu, Nurudeen AbdulAzeez, Hamidu Usman, Yusuf Isa, Musa Ishaka, Liman Makki, and Idris Mohammed.
The sting operations, conducted between May 10 and 13, 2024, targeted various locations in Lagos where the suspects were allegedly conducting their fraudulent activities.
Additionally, a suspected currency racketeer named Kafayat Lateef was also apprehended for her alleged involvement in the sale of naira notes in different denominations. Upon her arrest, a sum of N2 million was recovered from her possession.
Oyewale emphasized that the EFCC remains committed to combating financial crimes and ensuring that perpetrators are brought to justice.
He stated that the arrested individuals will be charged to court once investigations are concluded.
