According to reports, the suspects were arrested in an operation coordinated by the Defence Intelligence Agency (DIA), the Department of State Services (DSS), the Nigerian Financial Intelligence Unit (NFIU) and the Central Bank of Nigeria (CBN).
The operation which was said to have been approved by President Muhammadu Buhari in 2020, yielded the result of arresting the suspects in Kano, Borno, Abuja, Lagos, Sokoto, Adamawa, Kaduna and Zamfara.
It was also reported that a list of 957 suspects comprising bureau de change (BDC) operators, gold miners and sellers, and other business persons is still being acted upon.
According to reports, some of the BDC operators arrested include Baba Usaini, Abubakar Yellow (Amfani), Yusuf Ali Yusuf (Babangida), Ibrahim Shani, Auwal Fagge, and Muhammad Lawan Sani, a gold dealer.
Meanwhile, Umar Gwandu, spokesperson to Abubakar Malami, attorney-general of the federation (AGF), on Monday, said criminal charges bordering on terrorism were already being prepared against the suspects while investigation continues.
He added that, the prosecution of the suspects “will commence as quickly as possible”.