The Economic and Financial Crimes Commission (EFCC) has arrested alleged members of a syndicate who specialises in counterfeiting foreign currencies, especially the US dollar, for sale to unsuspecting members of the public.
Wilson Uwujaren, EFCC’s Head of Media and Publicity, disclosed this in a statement on Tuesday.
According to Uwujaren, the EFCC, in a joint operation with operatives of the National Drug Law Enforcement Agency (NDLEA), acted on verified intelligence and arrested four members of the syndicate on Wednesday, December 8, 2021, at Swiss Pearl Continental Hotel, Koforidua Street, in the Wuse 2 Area of Abuja with $427,400 fake US dollars.
The suspects include a woman, Princess Fashanu Adesina. Others are John Ogbaje, Emmanuel Bassey and Chidi Nwanchukwu. They volunteered useful statements which eventually led to the arrest of the syndicate’s kingpin, one Chief Douglas Mbonu, on Tuesday, December 14, 2021.
The EFCC subsequently in its statement warned members of the public to be wary of the activities of fraud syndicates masquerading as Bureau de Change operators, seeking to exploit the desperation of some citizens sourcing for forex for various purposes to defraud them of their hard-earned monies.
Citizens, the anti-graft agency said, are advised to source their forex from commercial banks in line with the directives of the Central Bank of Nigeria (CBN) to minimize the risk of exposure to fraud syndicates.