Currency Counterfeiters arrested by EFCC in Abuja

Two men, Badamasi Sule and Muhammad Muhammad, have been arrested for owning counterfeit Naira notes totalling about N45million by the economic and financial crimes commission of the Abuja zone.

The men are said to be part of a syndicate of fraudsters operating from Gashua, Yobe State with its dispatch lodge being a hotel located in Abacha Estate, Abuja who specialize in printing fake N1,000 notes. They were also found to be in possession of fake $100 bills.

The men who were arrested with two “Ghana-must-go bags” containing the N1,000 notes were said to be preparing to put the money out into circulation. Their primary targets are bureaux de change operators and unsuspecting members of the public.