Five Nabbed For Printing Fake Currency Notes

By Toba Ajisafe

Osun State Commissioner of Police, Mr. Adeoye Fimihan has confirmed the arrest of five suspected culprits for printing fake currency and duping unsuspecting members of the public.

Fimihan disclosed this at the Osun State Police Command, Osogbo while parading the syndicate in connection with the crime alongside a suspected herbalist who allegedly specialized in printing fake foreign currency.

The fake currency and other materials used in printing, recovered from the syndicate were displayed at the command before the suspects.

In a briefing, Fimihan told OSUN DEFENDER that the operation was carried out by ‘Police Special Patrol Team’ in Ife, Osun State about a month ago when the team apprehended someone with fake currency during ‘Stop and Search Operation’

Fimihan said, further investigation led Police to the place where the counterfeit currency is being printed and subsequently arrested the owner of the printing press.

He said “In the course of the investigation, a search warrant was executed which made it possible for us to recover other fake currency at the printing press that is located in Lagos.

The syndicate who has network around the country was arrested in Osun, Kogi and Lagos.

He noted that, the Police collaborating with Central Bank of Nigeria to move the machine used by the syndicate.

Fimihan disclosed that investigation is still on-going and the Command is trying to find out if there are others who are engaging in the illegality.

Fimihan said, “we know that this (printing fake currency) criminal act constitute serious threat to Nigeria economy.”

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