Operatives of the Abuja zonal office of the Economic and Financial Crimes Commission have arrested two suspected fraudsters, Badamasi Sule and Muhammad Muhammad, for being in possession of counterfeit naira notes totaling N45million.
They were arrested in December 2019, following actionable intelligence report which exposed a syndicate of fraudsters who specialized in printing fake N1,000 notes.
The suspects were also found to be in possession of fake $100 bills.
According to a statement in Abuja on Friday, by the EFCC spokesman, Wilson Uwujaren, investigations revealed that the fake N1,000 notes in two ’Ghana-must-go bags’ in their possession were to be put into circulation.
”Their primary targets are bureaux de change operators and unsuspecting members of the public, ” it noted
The syndicate was 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.