EFCC Arrests Alleged Currency Speculator

An alleged currency speculator, Mustapha Muhammed alias Muaspaha Naira, has been arrested by the Economic and Financial Crimes Commission, EFCC. 

EFCC’s spokesperson, Wilson Uwujaren, in a statement on Tuesday, November 15, said the arrest was part of its ongoing operation to sanitize the foreign exchange sector and rid it of speculators and all shades of economic saboteurs.

The suspect was picked up by operatives of the Commission on Saturday November 12, 2022 at Wuse Zone 4, the hub of parallel market operations in the Federal Capital Territory.

The suspect has made useful statement while the investigation continues.