Six suspects have been arrested by operatives of the Economic and Financial Crimes Commission (EFCC) over their alleged involvement in currency racketeering and the sale of new naira notes for commercial purposes.

Making the announcement on Tuesday, February 20, EFCC’s spokesperson, Dele Oyewale said the suspects have been identified as Adebayo Amupitan, Alimat Oyebode, Isiaka Yusuf, Adeoti Folake, Kafayat Yakub, and Bose Lateef.

He said; 

“They were arrested at various locations in Lagos, between Feb. 16 and Feb.  17. A total sum of N2,597,000 (Two Million Five Hundred and Ninety-Seven Thousand Naira) was recovered from them.

“Investigations showed that the suspects specialised in selling new naira notes of different denominations for commercial purposes and financial gain.”

They will soon be arraigned in court.