Police bust pretend greenback syndicate, arrest one, get well baggage of counterfeit foreign money

Operatives of the Ondo State Police Command have smashed a suspected counterfeit foreign money printing operation in Kiniso village, Ajue, within the Odigbo Local Government Area of the state.

One suspect was arrested by the operatives with three baggage of suspected counterfeit United States greenback notes recovered.

While disclosing the operation, the Police Public Relations Officer within the state, Abayomi Jimoh, confused that the operation was carried out following a grievance lodged by one Yusuf Nasiru of Sabo, Okitipupa.

According to the police spokesperson, the complainant reported that two males, recognized as Peter Desmond and Olami Toro, each residents of Ode-Irele, had approached him at his store inquiring about exchanging United States {dollars} for his or her naira equal.

He stated, “The complainant stated that he handed over the sum of $6,000, valued at approximately N8,600,000, to the men.

“However, whereas ready to obtain the naira equal, the suspects allegedly returned the {dollars} to him, claiming they didn’t have enough funds to finish 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.”