Currency Counterfeiters Caught With N45 Million Fake Notes

Two suspected money-doublers, Badamasi Sule and Muhammad Muhammad have landed in the custody of the Economic and Financial Crimes (EFCC) for being in possession of counterfeit Naira notes totaling N45 million.

The duo was arrested by operatives of the Abuja Zonal Office of the EFCC in December 2019, following actionable intelligence report which exposed a syndicate of fraudsters who specialize in printing fake N1,000 notes.

According to a post on the facebook page of the anti-graft agency on Monday, they were were also in possession of fake $100 bills.

Part of the post reads: “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 syndicate is believed to be operating from Gashua, Yobe State, with its dispatch lodge being a hotel located in Abacha Estate, close to the Sheraton Hotel and Towers, Abuja. They will soon be arraigned in court.”

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