The exotic vehicles include Rolls Royce, Labomgini Horicane, Mercedes-AMG and Rang Rover.
Adeniyi revealed that members of the syndicate stole vehicles from foreign countries and subsequently shipped them into Nigeria using falsified documents, adding that with the aid of the recently established Operations Hot Wheel, officers had recovered about 21 exotic cars from the criminal gang.
Operation Hot Wheel consists of officers from the Nigeria Customs Service, the Economic and Financial Crimes Commission (EFCC) and the Canadian government.
Adeniyi revealed that all 21 vehicles were recovered with the aid of the Canadian government as well as the EFCC.
“Recent intelligence from international law enforcement agencies further confirms that our region has become a preferred destination for internationally stolen vehicles, a trend that not only tarnishes Nigeria’s international image but also impacts our economy through substantial revenue losses and increased security spending.
“The economic implications of this criminal enterprise are far-reaching and deeply concerning. Beyond damaging our legitimate automotive trade sector and international business relationships, it undermines President Tinubu’s economic reform agenda that aims to position Nigeria as a trusted hub for international commerce.”