In a statement in Abuja, the acting Head of Media and Publicity, Wilson Uwujaren, said the arrests were effected by the commission's Special Task Force Unit Against Money Laundering (SCUML).
The statement noted that the arrests followed intelligence reports on the operation of the racketeers in Abuja, adding that the activities of the suspects had led to the ``fleecing of unsuspecting Nigerians of their hard earned money''.
It also said that four of the 12 were found with suspected fake land title documents and were being held for further explanation on their culpability on the series of land scam going on in the Federal Capital Territory (FCT).
The statement quoted Mrs Angela Nworgu, the Head of the SCUML, as saying that the arrest would be a continuous exercise ``until Abuja and its environ are sanitised of unscrupulous and shady land dealers.''
She warned those who specialised in obtaining money under false pretence from unsuspecting members of the public with a promise of offering non- existent land to desist from the practice.
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