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Home EFCC

EFCC Takes Action Against Naira Abuse, Arrests Two in Lagos 

Admin by Admin
March 24, 2025
in EFCC
Reading Time: 1 min read
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By Nkechi Eze

Operatives of the Lagos Directorate 1 of the Economic and Financial Crimes Commission, EFCC, have arrested two suspects for their alleged involvement in Naira abuse

Dele Oyewale the commission’s spokesperson in an official signed statement disclosed that the suspects; Adeoti Folake and Adewuyi Modupe were apprehended in Lagos on Friday, March 21, 2025 while allegedly hawking Naira notes. 

He further hinted that upon their arrest, the sum of N3,850.000 (Three Million, Eight Hundred and Fifty Thousand Naira) and N1,600.000 (One Million Six Hundred Thousand Naira)were recovered from  them respectively. 

The suspects will be charged to court upon conclusion of investigations.

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