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

The suspects; Adeoti Folake and Adewuyi Modupe were apprehended in Lagos on Friday, March 21, 2025 while allegedly hawking Naira notes. 

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

Dele Oyewale

Head, Media & Publicity

March 24, 2025