Couple, Others Arrested For Producing Fake Currencies

A couple, a former soldier and a printer have been arrested by the Zone 2 Police Command, Onikan, Lagos, for allegedly producing fake currencies.

The suspects were paraded by the police
at the command’s headquarters on Friday in Lagos.

Speaking on behalf of the Assistant Inspector-General of Police in charge of the zone, Mr. Olatoye Durosinmi, the Zonal Public Relations Officer, Tunni Ayuba, said that the arrest of the printer led to the arrest of the couple and the former soldier.

Ayuba said the team swung into action on February 3, invaded the hideout of the printer on Lagos Island, and arrested him, based on an intelligence report duly approved by the AIG.

He noted that a printing machine allegedly used by the printer in printing security threads on counterfeit currencies was also confiscated, adding that a cash sum of 300 million CFA and N9m, both suspected to be counterfeit, were recovered from the printer.

According to Ayuba, the printer confessed to having been in currency counterfeiting for over three years and named those he supplied fake currencies for circulation.

“His confession led to the arrest of the couple, who are partners in the crime,” she added.

She further stated that the confessions of the couple led to the arrest of the former soldier who was allegedly found to be in possession of some suspected counterfeit local and foreign currencies when his house was searched.

According to her, efforts are being intensified to apprehend fleeing members of the syndicate.