Abuja, Feb. 13, 2024 – The Uyo Zonal Command of the Economic and Financial Crimes Commission (EFCC) has arrested one Simon Bassey Idio for currency racketeering.
Dele Oyewale, the EFCC Spokesman, said this in a statement on Tuesday.
He said that the 59-year-old suspect was apprehended on Friday, Feb. 9 at the Ibom Tropicana Mall on Udo Udoma Way in Uyo.
“The arrest of the ‘naira trader’ followed intelligence and surveillance activities concerning his illicit cash transactions involving local and foreign currencies within the state.
“He was caught selling N700,000.00 (Seven Hundred Thousand Naira) new notes in two denominations: Twelve (12) bundles of N500 notes totalling N600,000.00(Six Hundred Thousand Naira) and a bundle of N1000 notes totalling N100,000.00.
“Idio confessed to the crime and would be charged to Court soon.” (GBN)
