EFCC arrest suspected Currency Racketeer in Uyo

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By Ogenyi Ogenyi,Uyo

Operatives of the Uyo zonal command of the Economic and Financial Crimes Commission, EFCC, have arrested one Simon Bassey Idio for currency racketeering in Uyo.

This was contained in a statement from the Commissions Head of Media and Publicity, Mr Dele Oyewale and made available to newsmen in Uyo yesterday.

The arrest of the 59-year old ‘Naira Trader’ last week at the Ibom Tropicana Mall , in Uyo came on the heels of intelligence and surveillance regarding his illegal cash dealings in 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.

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