EFCC Arrested Man With Fake $400,000 Currency
A man identified as Samson Otuedon has been arrested by The Economic and Financial Crimes Commission, EFCC, on Saturday, April 7, 2018, at Masaka, Karu Local Government Area of Nasarawa State for currency counterfeiting.
The Suspect who specialized in Counterfeiting Foreign Currencies, following an intelligence report on Friday, April 6, 2018 on the activities of a Syndicate of Fraudsters Duping unsuspecting victims in Masaka area of the State. He was caught in his possession with about $400,000 of fake currency.
The Commission, upon receipt of the report swung into action by putting the area under surveillance, an action that led to the eventual arrest of the suspect on Saturday.
Fake foreign currencies totaling over $400,000 (Four Hundred Thousand United States Dollars) were recovered. While being interrogated, Otuedon admitted that the fake dollars were given to him by other members of his syndicate based in Lagos.
Otuedon, who confessed to the crime, also admitted that the syndicate use fake dollars for money doubling.
The suspect will be charged to court as soon as investigations are concluded.