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Photo: Two men arrested with N45m fake notes in Abuja

Operatives of the Abuja Zonal Office of the Economic and Financial Crimes Commission, EFCC have reportedly apprehended two suspected money-doublers, named Muhammad Muhammad and Badamasi Sule for being in possession of counterfeit Naira notes totaling about N45million.

In a statement released by the EFCC, the duo were arrested in December 2019, after an actionable intelligence report which disclosed a syndicate of fraudsters who specialize in printing fake N1,000 notes. They were also found to be in possession of fake $100 bills.

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

According to reports, the syndicate is believed to be operating from Gashua, Yobe State, with its dispatch lodge being a hotel situated in Abacha Estate, near Sheraton Hotel and Towers, Abuja.

They will soon be arraigned in court.

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