EFCC Arrests Banker For Unlawful Sale Of New Naira Notes To POS Operator

In a significant crackdown, the Economic and Financial Crimes Commission (EFCC) has made a breakthrough, leading to the arrest of a banker, Soberechukwu Ewa, implicated in the illegal sale of new naira notes.

The illicit operation also involved a Point of Sales (POS) cashier named Azubuike M. Obasi, who was apprehended alongside Ewa during the operation.

The arrests unfolded in Port Harcourt, Rivers State, with the EFCC’s operation extending its reach to Ecobank, Rumuobiakani, and Maddox Night Club in the new Government Reservation Area (GRA). Preliminary investigations by the EFCC have shed light on Ewa’s specialized role in distributing new naira notes of various denominations to POS cashiers for commercial purposes.

This nefarious practice not only violates ethical standards but also flouts legal statutes governing currency distribution.

Azubuike M. Obasi’s involvement in currency racketeering further complicates the situation. Caught in possession of N554,600.00, Obasi’s activities exacerbate the scarcity of naira notes, compromising the integrity of the financial system and impeding daily transactions, thereby exerting adverse effects on the economy at large.

EFCC spokesman, Dele Oyewale, has officially announced the impending court charges against the two suspects, underscoring the commission’s unwavering commitment to enforcing financial laws and regulations. This swift action serves as a testament to the EFCC’s resolve to combat financial crimes and preserve the integrity of Nigeria’s financial institutions. As the legal proceedings unfold, the public remains vigilant, anticipating justice to be served and accountability to be upheld in the face of such illicit activities.

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