ENUGU, Nigeria (VOICE OF NAIJA)- Operatives from the Uyo Zonal Command of the Economic and Financial Crimes Commission (EFCC) have apprehended a suspected currency racketeer identified as Simon Bassey Idio in Uyo.
The 59-year-old, known as the ‘Naira Trader,’ was apprehended on Friday, 9 February, 2024, at the Ibom Tropicana Mall along Udo Udoma Way in Uyo, Akwa Ibom State.
His arrest followed meticulous intelligence gathering and surveillance aimed at curbing his illicit cash transactions involving both local and foreign currencies within the state.
READ ALSO: EFCC Opens Case Against Emefiele Over Alleged Fraud
Idio was caught in possession of N700,000.00 (Seven Hundred Thousand Naira) worth of new Naira notes, comprising Twelve (12) bundles of N500 notes, totaling Six Hundred Thousand Naira (N600,000.00), and a bundle of N1000 notes worth One Hundred Thousand Naira (N100,000.00).
Upon interrogation, he confessed to his involvement in the illegal activities and will be prosecuted accordingly.