A 59-year-old man, Simon Bassey Idio has been apprehended by operatives of the Economic and Financial Crimes Commission (EFCC) over alleged currency racketeering in Uyo, the Akwa Ibom State capital.
Spokesperson of the anti-graft agency, Dele Oyewale disclosed this in a statement on Monday.
Oyewale said the suspect was arrested on Friday February 9, 2024, at the Ibom Tropicana Mall, Udo Udoma Way in Uyo.
The statement added that his arrest 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 naira notes in two denominations: 12 bundles of N500 notes totaling six hundred thousand naira N600,000.00 (six hundred thousand naira) and a bundle of N1000 notes N100,000.00 (one hundred naira),” the EFCC said.
The imagemaker of the anti-corruption agency further disclosed that Idio has confessed to the crime and will be charged to court soon.
