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Naira Counterfeiters arrested in Osun

Osun State Commissioner of Police, Mr. Adeoye Fimihan has confirmed the arrest of five suspected counterfeiters for printing fake Nigerian currency and duping unsuspecting members of the public. Fimihan disclosed this at the Osun State Police Command, Osogbo while parading the suspects in connection with the crime alongside a suspected herbalist who allegedly specialized in printing fake foreign currency.

Speaking to the press after the arraignment, Fimihan stated 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’

The police boss 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 Suspects were said to have other networks around the country especially in Kogi and Lagos. He noted that, the Police are working with the Central Bank of Nigeria to move the equipment used by the syndicate and further investigations would continue 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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