ABS light, flashing Arrow, speedo cutting out, engine light on on 1999 Volvo C70

hi i have just noticed those warning light pop up on my 1999 C70 T5, took it to a garage to have it diagnosed and the result was code 003ABS-0 010. He said the wheel sensor is the culprit

but i have also read on here and other forum site that the AbS module is the problem. i need help as per what i need to change

AM confused.com right now

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