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Three-man local and foreign currency counterfeiting gang busted in Lagos

Three men, who allegedly specialize in local and foreign currency counterfeiting, are cooling their heels at the anti-graft agency in Lagos.

Three men, who allegedly specialize in local and foreign currency counterfeiting, are cooling their heels at the anti-graft agency in Lagos.

The Lagos Zonal office of the Economic and Financial Crimes Commission (EFCC) said the suspects (names withheld) were apprehended by the Nigeria Police Force Intelligence Bureau, Force Headquarters, Obalende, Lagos on April 30, 2021.

They were subsequently handed over to the EFCC for further investigation and prosecution.

The trio will face a two-count charge of conspiracy and currency counterfeiting.

The EFCC alleged that the gang has a network across the globe with its operational base located in Brazil.

They produce fake foreign currencies such as US Dollars, Pound Sterling and Euros and source for buyers at strategic locations including hotels, Bureau-de- Change offices and social gatherings within the Lagos metropolis.

Some incriminating materials were recovered from them and they will soon be charged to court, the agency said.

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Written by Per Second News

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