The Economic and Financial Crimes Commission (EFCC) have arrested members of a syndicate who specialize in counterfeiting foreign currencies, especially the dollar, for sale to unsuspecting members of the public.
Wilson Uwujaren, spokesperson for the Commission, revealed this in a statement he issued on Tuesday in Abuja.
Uwujaren stated that the Commission in a joint operation with operatives of the National Drug Law Enforcement Agency, NDLEA, arrested four members of the syndicate on Wednesday, December 8, 2021 at Swiss Pearl Continental Hotel, Koforidua Street, in the Wuse 2 Area of Abuja with $427,400 fake United States Dollars.
He added that the syndicates, including a woman were arrested at Swiss Pearl Continental Hotel, Koforidua Street, in Wuse Zone 2, Abuja, with US$427,400 fake United States Dollars.
“They volunteered useful statements which eventually led to the arrest of the syndicate’s kingpin, one Douglas Mbonu.
“The Commission wishes to warn members of the public to be wary of the activities of fraud syndicates masquerading as Bureau de Change operators.
“Such operators are seeking to exploit the desperation of some citizens sourcing for forex for various purposes to defraud them of their hard-earned money.
“Citizens are advised to source their forex from commercial banks in line with the directives of the Central Bank of Nigeria to minimize the risk of exposure to fraud syndicates,” he said.
