Two Men Arrested With N45million Fakes Notes

In Gashua, Yobe State of Nigeria, two men who are experts in money doubling has been arrested after a tip off.

Operatives of the Abuja Zonal Office of the Economic and Financial Crimes Commission, EFCC have gotten Badamasi Sulley and Mohammed Mohammed who are counterfeit money makers during their operations for having a total N 45 million on their possession.

According to reports, The EFCC said the duo were arrested in December 2019, following actionable intelligence report which exposed a syndicate of fraudsters who specialize in printing fake N1,000 notes. They were also found to be in possession of fake $100 bills.

Investigations further revealed that two “Ghana-must-go bags” in their possession containing the N1,000 notes were shortly to be put into circulation. Their primary targets are bureaux de change operators, and unsuspecting members of the public.

The gang is believed to be operating from Gashua, Yobe State, with its headquarters being a hotel located in Abacha Estate, close to the Sheraton Hotel and Towers, Abuja.

They will soon be presented to court to face the law.