BREAKING: EFCC Stops N45m Fake Notes From Circulation

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BREAKING: EFCC Stops N45m Fake Notes From Circulation
BREAKING: EFCC Stops N45m Fake Notes From Circulation

The operatives of the Economic and Financial Crimes Commission, EFCC, has through the arrest of Badamasi Sule and Muhammad Muhammad, suspected money-doublers, stopped the circulation of about N45m fake notes, packaged inside two Ghana-must-go bags.

These currency counterfeiters were arrested in December 2019, following actionable intelligence report which exposed a syndicate of fraudsters who specializes in printing fake N1,000 notes. They were also found to be in possession of fake $100 bills.

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Disclosing this on Monday via its official Facebook handle, EFCC, said that 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.

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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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