Mustapha Muhammed, an alleged currency speculator, has been arrested by operatives of the Economic and Financial Crimes Commission (EFCC).
Muhammed also known as Mustapha Naira, was picked up in the Wuse area of the Federal Capital Territory (FCT), ABUJA on Saturday, according to the anti-graft agency in a Twitter post on Wednesday.
The EFCC said the arrest was done as part of the commission’s effort to sanitise the foreign exchange sector.
The commission tweeted, “As part of its ongoing operation to sanitise the foreign exchange sector and rid it of speculators and all shades of economic saboteurs, the EFCC has arrested one Mustapha Muhammed alias Muaspaha Naira.
“He 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.”
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