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11th July 2020
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EFCC Arrest Currency Counterfeiters, Confiscates N45m Fake Notes

EFCC Arrest Currency Counterfeiters, Confiscates N45m Fake Notes
EFCC Arrest Currency Counterfeiters, Confiscates N45m Fake Notes

Operatives of the Abuja Zonal Office of the Economic and Financial Crimes Commission (EFCC) have arrested one Badamasi Sule and Muhammad Muhammad, suspected currency counterfeiters, for being in possession of counterfeit Naira notes totaling about N45million.

According to the statement released by the anti-graft agency, the suspected currency counterfeiters were arrested in December 2019, following actionable intelligence report which exposed a syndicate of fraudsters who specialize in printing fake N1,000 notes. They were also found to be in possession of fake $100 bills.

Investigations further revealed that two “Ghana-must-go bags” in their possession containing the N1,000 notes were shortly to be put into circulation. Their primary targets are bureaux de change operators, and unsuspecting members of the public.

The suspected currency counterfeiters are believed to be operating from Gashua, Yobe State, with its dispatch lodge being a hotel located in Abacha Estate, close to the Sheraton Hotel and Towers, Abuja.

The suspects will soon be arraigned in court, EFCC stated.

 

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