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EFCC Arrests Suspected Currency Speculator

Mustapha Muhammed, commonly known as Muaspaha Naira, was arrested in Abuja by the Economic and Financial Crimes Commission.

The commission announced the arrest in a tweet on Wednesday, along with a photo of the suspect.

The EFCC stated that the arrest was made as part of the commission’s endeavour to clean up the foreign exchange market.

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