Operatives of the Abuja Zonal Office of the Economic and Financial Crimes
Commission, EFCC have arrested Badamasi Sule and Muhammad Muhammad, suspected
money-doublers, for being in possession of counterfeit Naira notes totaling
about N45million.
The EFCC in a statement released, said the duo were arrested in December
2019, following actionable intelligence report which exposed a syndicate of
fraudsters who specialize in printing fake N1,000 notes. They were also found
to be in possession of fake $100 bills.
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.
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.