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The EFCC statement noted that “their arrest came on the heels of the EFCC’s consistent efforts to sanitize and stabilize the foreign exchange market.” It emphasizes the agency’songoing commitment to curtail financial malpractices that undermine the country’s economic integrity.
The EFCC’s Taskforce on Currency Mutilation, Dollarisation of the Economy, and Forex Malpractice spearheaded the operation, reflecting the agency’s heightened focus on stabilizing and regulating the forex market amid escalating concerns over economic volatility.
According to a statement released on the commission’s website, these arrests were informed by credible intelligence that pinpointed the suspects’ illegal activities..
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