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The Nigeria Security and Civil Defense Corps (NSCDC) has recovered $15,400 fake notes, following the arrest of two members of a counterfeit dollar syndicate in Karu Local Guverment Area (LGA) of Nasarawa State.
NSCDC Director of Public Relations (DPR), Mr. Olusola Odumosu, on Monday in Abuja, said the arrest was made by the Commanding General Special Intelligence Squad (SIS of CG).
Odumosu said the arrest was made following credible intelligence gathering on the operations of illegal operators of the bureau de change.
He identified the suspects as Ya’u Muhammed (65) and Lamido Usman (29).
“Two syndicate members arrested were found to be in possession of a total of $15,400 in counterfeits.
“Other items recovered from the suspects include: an ATM card, a screwdriver and an original $100 bill,” he said.
The DPR said intelligence reports showed that the syndicate had been operating for 10 years under a bridge near Heart Plaza in the Mararaba area of Karu, before its arrest by NSCDC operatives.
“The report also revealed that many Nigerians had been defrauded and defrauded of millions of Naira under the guise of black market operations.
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“In exchanging Naira to US dollars, they issued fake dollar bills to unsuspecting victims,” he said.
He, however, said that the two members of the union were arrested after falling victim to a fake transaction, strategically carried out by operatives.
“The suspects were smoked out of their hideout, and later arrested with the sum of N250,000 in disguise, in exchange for US dollars,” Odumosu said.
He said the suspects were currently undergoing preliminary investigation, after which they would be handed over, together with the exhibits, to the NSCDC Nasarawa State Command, for further action.
The Star
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