115 Suspected Currency Racketeers Arrested in Enugu State



Operatives of the Enugu Zonal Command of the Economic and Financial Crimes Commission, in collaboration with a Joint Task Force comprising teams from the Nigeria Police Force and the Nigeria Customs Service, arrested 115 suspected currency racketeers in Enugu State on Wednesday, February 21, 2024.


The suspects, consisting of 113 males and two females, were apprehended in a sting operation at Owerri Road, Ogui, Enugu State. The operation was based on credible intelligence regarding illegal foreign exchange markets operated by some bureau de change operators, currency speculators, and street hawkers in the area.


Among the items recovered from the suspects were N110,700,000.00 (One Hundred and Ten Million, Seven Hundred Thousand Naira), $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 and Twenty-Five Euros), 900 South African Rands, 32,000.00 CFA, 100 Turkiya, and 500 Bank Mozambique currencies in various denominations. Additionally, a safe abandoned by one of the street hawkers was also recovered.


Preliminary investigations revealed that some of the suspects are foreigners from Niger Republic. They are expected to be charged to court soon.

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