EFCC Arrests Alleged Currency Speculator, Mustapha Muhammed In Abuja

In an effort to sanitise the foreign exchange sector, the Economic and Financial Crimes Commission (EFCC) has arrested an alleged currency speculator, Mustapha Muhammed also known as Muaspaha Naira, in Abuja.

The commission disclosed this in a Twitter post on Wednesday and also published a picture of the suspect.

The arrest was made on Saturday in the Wuse area of the Federal Capital Territory.

EFCC wrote, “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.

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“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.”