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EFCC Arraigns Man For Currency Racketeering In Port Harcourt

The Economic and Financial Crimes Commission (EFCC) on Monday  arraigned Azubuike Mamwu Obasi for currency racketeering before Justice P. I. Ajoku of the Federal High Court in Port Harcourt, Rivers State.

This was made known in a statement on Tuesday by the EFCC via its X handle.

The statement reads: ” The Port Harcourt Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Monday, March 11, 2024, arraigned Azubuike Mamwu Obasi before Justice P. I. Ajoku of the Federal High Court, Port Harcourt, Rivers State for currency racketeering.

“Obasi is facing trial on a four-count charge, bordering on illegal acquisition of banknotes and carrying out banking services without an appropriate licence, contrary to Section 18 (1) and (2) (d) of the Money Laundering (Prevention and Prohibition) Act, 2022 and punishable under Section 18 (3) of the same Act.”

Source: X | officialEFCC

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Rita Elenwo

Rita Aletor- Elenwo, is a professional journalist with experience in broadcast, print and online reporting. A proud citizen of Edo state, Nigeria (Esan South East Local Government) Rita had her first degree in philosophy from Ebonyi State University (2008), PGD, in Communication from the University of Port Harcourt (2020), and currently in pursuit of an MSC degree in communication. Rita (nee Aletor-) is happily married with lovely children.

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