The Economic and Financial Crimes Commission (EFCC) has arrested two individuals for illegally selling naira notes, a practice that violates Nigerian financial regulations. The suspects were apprehended during an operation targeting illicit currency trading, which has been contributing to the naira’s instability.
According to EFCC officials, the suspects were found in possession of millions of naira, which they were allegedly selling at inflated rates to desperate buyers. The agency stated that such activities undermine the economy and contribute to currency scarcity in circulation.
The seized funds have been taken into custody, and the suspects will face legal proceedings. The EFCC reiterated its commitment to cracking down on illegal currency trading and urged Nigerians to report such activities to authorities.
