EFCC Arrests 2 Currency Counterfeiters, Seizes N45m Fake Notes

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

Image result for EFCC Nabs Currency Counterfeiters, Confiscates N45m Fake Notes


According to a post on the EFCC website, They 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.


It was also gathered that they had two “Ghana-must-go bags” in their possession containing the N1,000 notes were shortly to be put into circulation. The EFCC rightly noted that their primary targets are bureaux de change operators, and the unsuspecting members of the public.

Image result for EFCC Nabs Currency Counterfeiters, Confiscates N45m Fake Notes


The syndicate is 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 EFCC added that They will soon be arraigned in court



Leave a Reply

Your email address will not be published. Required fields are marked *