NSCDC arrests fake dollars syndicate, recovers $15,400 fake notes
The Nigeria Security and Civil Defence Corps (NSCDC) has recovered $15,400 fake notes following the arrest of two members of a counterfeit dollars syndicate in the Karu Local Government Area (LGA) of Nasarawa State.
According to a report by NSCDC spokesperson Olusola Odumosu, on Monday in Abuja, the Commandant General’s Special Intelligence Squad (CG’s SIS) made the arrest.
Mr Odumosu said the arrest was made after a credible intelligence gathering on the operations of the illegal bureau de change operators.
He identified the suspects as Ya’u Muhammed, 65, and Lamido Usman, 29.
“Two members of the syndicate arrested were found in possession of a total of 15,400 fake U.S. dollars.
“Other items recovered from the suspects include one First Bank ATM card, one screwdriver and an original $100 dollar note,” he said.
The DPR said intelligence reports showed that the syndicate had operated for 10 years under a bridge beside Heart Plaza in the Mararaba area of Karu before the arrest by operatives of the NSCDC.
“The report also revealed that many Nigerians had been swindled and defrauded of millions of Naira under the guise of black market operations.
“In exchanging Naira to U.S. Dollars, they have issued fake dollar notes to unsuspecting victims,” he said.
He, however, said the two syndicate members were arrested after falling victim to a fake transaction strategically carried out by the operatives.
“The suspects were smoked out of their hideout and subsequently arrested using the sum of N250,000 to disguise, in exchange for U.S. dollars,” Mr Odumosu said.
He said the suspects were currently undergoing preliminary investigation, and would be handed over, together with the exhibits, to NSCDC Nasarawa Command for further action.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
The summit will be held between December 13-15, 2022, in Washington DC.
Mr Gwadabawa said many people living with the virus experience stigma and urged stakeholders to redouble efforts on public awareness.
Mr Oyebanji said this while signing the N122.6 billion Ekiti State 2022 Supplementary Appropriation Bill into law in Ado-Ekiti on Friday.
The regulator assured that the prevailing fuel crisis ravaging various parts of the country would soon disappear.
Flutterwave collaborates with CeBIH for 2022 Conference to secure, advance payments ecosystem in Nigeria
The conference which holds in Lagos on Friday, December 2nd, 2022, promises to chart the course for combating fraud in payments.