One arrested as police uncovers pretend greenback manufacturing unit in Ondo

The Ondo State Police Command has uncovered a suspected counterfeit forex manufacturing web site in Odigbo Local Government Area of the state, arresting one suspect and recovering three baggage of suspected pretend United States greenback notes.

In an announcement launched by its public relations officer, DSP Abayomi Jimoh, the command stated the operation occurred on October 29 at Kiniso Village, by way of Ajue, following investigations right into a criticism by a person who allegedly obtained counterfeit {dollars} from two males throughout a forex trade transaction.

According to the assertion, the complainant, recognized as Yusuf Nasiru, reported to the police on October 28 that two males, recognized as Peter Desmond and Olami Toro, each residents of Ode-Irele, had approached him at his store on October 25 to trade US {dollars} for his or her naira equal.

Jimoh stated the complainant handed over $6,000, valued at roughly N8.6m, to the boys.

“However, while waiting to receive the naira equivalent, the suspects allegedly returned the dollars to him, claiming that they did not have sufficient funds to complete the transaction, and subsequently left.

The complainant later discovered, upon closer examination, that the dollar notes returned to him were counterfeit, prompting him to report the incident to the Police.

Upon receipt of the complaint, the operatives from Okitipupa Divisional Headquarters immediately commenced discreet investigative activities.

Through intelligence gathering and technical tracking, the team traced one of the suspects, Peter Desmond, to Kiniso Village, via Ajue, in Odigbo Local Government Area.”

The assertion stated the operatives, performing on data from members of the group, raided the suspected hideout on October 29.

“During the operation, one suspect was arrested, while other occupants of the premises reportedly escaped through the perimeter fence.

“A search of the premises led to the recovery of three bags containing suspected counterfeit United States dollar notes and a small wooden box, all of which were taken into police custody as exhibits.

“The arrested suspect has however given useful information that is assisting the investigation,” the PPRO stated.

Currency counterfeiting, particularly of US {dollars} utilized in fraudulent trade schemes, stays a recurring problem throughout Nigeria. In current months, safety companies have recorded a number of seizures of faux overseas notes.