Metro
Three in EFCC net for alleged currency counterfeiting
Three men, Sylvanus Ireka Ifechukwu, Patrick Chima Ibiam, and Ajimijere Mathias Adegbenro are in the net of the Lagos State Zonal Office of the Economic and Financial Crimes Commission (EFCC) for alleged conspiracy and currency counterfeiting.
Head of Media and Publicity of the anti-graft agency, Wilson Uwujaren, disclosed this in a statement in Abuja on Wednesday.
Uwujaren explained that the suspects were arrested by the Nigeria Police Force Intelligence Bureau, Force Headquarters on April 30 in the Obalende area of Lagos.
He noted that the three men were subsequently handed over to the anti-graft agency for further investigation and prosecution.
READ ALSO: Bawa reveals EFCC keeps $20m recovered cryptocurrency loot in e-wallet
“The suspects, who are into currency counterfeiting, allegedly have a network spread across the globe,” the statement read.
Meanwhile, the EFCC spokesman noted that investigations revealed that the suspects have an operational base located in Brazil, saying they were allegedly involved in the production of fake foreign currencies such as US dollars, pound sterling, and euros.
Uwujaren said the suspects also source for buyers at strategic locations, including hotels, Bureau de Change offices, and social gatherings within the Lagos metropolis.
“Upon their arrest, some incriminating materials were recovered from them. The suspects will soon be charged to court,” the statement added.
By Victor Uzoho
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
German Police bust alleged Nigerian scam dating ring
German authorities have arrested eleven individuals suspected of being members of a Nigerian mafia group involved in a large-scale dating...
INVESTIGATION: In Kwara, multimillion-naira milk processing plant is abandoned, converted to a chicken outlet
After the government spent millions of naira to establish a milk processing plant in Kwara State that would provided jobs...
SPECIAL REPORT: For Sokoto communities, promise of healthcare is akin to death sentence
In this story, ABDULRASHEED HAMMAD delves into the dire realities of Primary Health Care services in Sokoto State, shedding light...
ICYMI…SPECIAL REPORT: NNPCL hides behind PIA to frustrate disclosure, accountability
Nigeria’s major oil company, Nigerian National Petroleum Corporation Limited (NNPCL), in what appears to be a common practice of disregard...
INVESTIGATION: Multi-million naira Ekiti resort center remains uncompleted a decade after
The multimillion-naira project, expected to comprise recreational buildings, now consists of cassava farmland, a bush used for excretion, and a...