The Uyo zonal command of the Economic and Financial Crimes Commission (EFCC) has apprehended Simon Bassey Idio for currency racketeering in Uyo, Akwa Ibom State.
![](https://thenigerialawyer.com/wp-content/uploads/2026/09/2026-IDRI-Masterclass.png")
According to a statement from the Command’s Head of Media and Publicity, Dele Oyewale, released to journalists on Tuesday, the 59-year-old suspect was apprehended on Friday, February 9, at the Ibom Tropicana Mall on Udo Udoma Way in Uyo.
The arrest of the ‘naira trader’ followed intelligence and surveillance activities concerning his illicit cash transactions involving local and foreign currencies within the state.
The statement read: “He was caught selling N700,000.00 (Seven Hundred Thousand Naira) new notes in two denominations: Twelve (12) bundles of N500 notes totalling N600,000.00(Six Hundred Thousand Naira) and a bundle of N1000 notes totalling N100,000.00.
“Idio confessed to the crime and would be charged to Court soon”.
[A MUST HAVE] Evidence Act Demystified With Recent And Contemporary Cases And Materials
Available now for NGN 40,000 at ASC Publications, 10, Boyle Street, Onikan, Lagos. Beside High Court, TBS. Email publications@ayindesanni.com or WhatsApp +2347056667384. Purchase Link: https://paystack.com/buy/evidence-act-complete-annotation
______________________________________________________________________ “Enhance Legal Practice With Authoritative Reports” — Alexander Payne Offers Comprehensive Law Reports, Spanning Over A Century Of Nigerian Jurisprudence
Interested buyers are encouraged to place their orders and enquiries via:
0704 444 4777, 0704 444 4999, 0818 199 9888
Website: www.alexandernigeria.com
