EFCC Arrests Man For Currency Racketeering 

The Uyo Zonal Command of the Economic and Financial Crimes Commission, EFCC, said its operatives arrested one Simon Bassey Idio ages 59 for alleged currency racketeering in Uyo.

The Spokesperson of EFCC, Dele Oyewale disclosed this in a statement on Monday, February 12, 2024.

The statement noted that the suspect was arrested on Friday February 9, 2024, at the Ibom Tropicana Mall, Udo Udoma way in Uyo, Akwa Ibom State.

It 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

According to the statement, “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).”

It said that Idio confessed to the crime and would be charged to court soon.

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