How We Print, Spend Millions Of Fake Local & Foreign Currencies – Notorious Fraudsters

How We Print, Spend Millions Of Fake Local &
Foreign Currencies – Notorious Fraudsters
Confess ( Photo )

At least six persons who are notorious in
printing, selling and spending of fake local
and foreign currencies, have been
apprehended and paraded by the Police.

Speaking while parading some criminal
suspects before journalists at the Osun State
Police Command in Osogbo, on Monday, the
State Commissioner of Police, Adeoye
Fimihan, confirmed the arrest of six persons
in connection with the printing, selling and
spending of fake local and foreign
currencies.

Among the suspects is a herbalist, Odediran
Semiu, said to be specialised in printing of
fake foreign currencies and swindling gullible
clients. The suspects gave details of how they
carried out their nefarious acts without the
knowledge of the police and the public.

Premium Times reported that the 52-year-
old suspect, Saheed Alabi, who did the
printing, said he had printed millions of
naira of fake currency.
Another suspect, who gave his name as
Lateef, who patronized the syndicate, said
he bought N1.6 million at the rate of
N500,000 of original currency.
Moses Jonah who also took part in the illegal
printing of the money said his father had
N6.5 million of the fake money but Femi had
escaped with the currencies.
The fake currency and other materials used
in the printing were recovered from the
suspects and displayed during the parade.

Fimihan told journalists that the syndicate
was smashed by the Police Special Patrol Team
in Ife, Osun State, about a month ago when
the team apprehended someone with fake
currency during a stop and search exercise.
He said further investigation led the police to
the place where the counterfeit naira notes
were printed and the owner of the printing
press was arrested.

He said; “One man named Femi
was the one who do give me the
job. At a go, for some of the
printing, he do give me N5,000 as
my wage. I have helped him do
millions of fake currency.”
“ ”

“In the course of the
investigation search warrant
was executed which made it
possible for us to recover other
fake currency at the printing
press that is located in Lagos,”
the police boss said.