The Nigeria Security and Civil Defence Corps (NSCDC) has dismantled a well-known counterfeit money ring that was making, selling, and distributing bogus US dollar bills throughout Nigeria.
Olusola Odumosu, the NSCDC’s director of public relations, said in a statement released on Monday in Abuja that the suspects were detained by the CG’s Special Intelligence Squad (SIS) after acting on reliable information.
He claimed that, prior to their good fortune running out, the syndicate had been in business for the previous ten (10) years in the area of the Mararaba under bridge, by Heart Plaza, Karu Local Government district of Nasarawa State.
According to reports gotten by Okay.ng, they have defrauded and conned numerous people out of millions of naira while posing as black market traders who exchange Nigerian naira for US dollars and then give their unwary victims fake dollar bills.
“The suspects were smoked out of their hiding place in a covert operation carried out by the CG’S SIS Squad, and they were then apprehended using the sum of N250,000 to disguise themselves in exchange for US dollars,” Odumosu said.
“Two members of the syndicate were apprehended and were discovered to be in possession of $15,400 in fake US currency.
They are Ya’u Muhammed ‘M’, 65, from Bauchi State’s Warji LGA, and Lamido Usman ‘M,’ 29, from Taraba State’s La’u LGA.
“An original $100 bill as well as one (1) First Bank ATM card, one (1) screwdriver, and other items were also found on the suspects.
The suspects are currently the subject of a preliminary investigation, after which they will be delivered, along with the exhibits, to the NSCDC Nasarawa State Command, under whose authority the arrest occurred, he said.
