EFCC Arrests Five Suspected Forex Speculators In Aba

OPERATIVES of the Economic and Financial Crime Commission (EFCC) on Friday 17 May 2024 arrested five suspected forex speculators at the Ama-Hausa Mosque, along Hospital Road, Aba in Abia State.

The arrested suspects include 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 include 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. 

According to the Commission, the suspects will be charged in court as soon as investigations are concluded.

Eighteen-Eleven Media