Kaduna Cash Caper: EFCC Nabs Trio in Naira Racketeering Scheme

In a significant operation, the Kaduna Zonal Command of the Economic and Financial Crimes Commission (EFCC) has apprehended three individuals involved in suspected racketeering of N1,307,400. The revelation was made by EFCC spokesperson Dele Oyewale in a statement on Wednesday.

The arrested individuals, identified as Musa Gideon, Abdul Adamu, and Justine Musa, were caught on Yakubu Gowon way, Kaduna, attempting to sell new Naira notes to an undercover EFCC operative on February 7, 2024.

According to Oyewale, the operation resulted in the apprehension of the trio who were in possession of both new and old Naira notes amounting to N1,307,400, along with several Automated Teller Machine cards.

Pending the completion of investigations, the suspects will face charges in court. This development underscores the EFCC’s commitment to curbing currency-related offenses, as highlighted by the creation of a Special Task Force across its Zonal Commands. Executive Chairman Ola Olukoyede inaugurated the Task Force to safeguard the economy from abuses, leakages, and distortions.

This proactive stance by the EFCC is aligned with its dedication to enforcing existing laws aimed at stimulating the economy and preserving the integrity of the nation’s currency. The Kaduna cash caper serves as a reminder of the ongoing efforts to maintain financial security and combat illegal activities in the region.

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