The Economic and Financial Crimes Commission, EFCC in Abuja has arrested members of a gang of counterfeiters, specialised in cloning foreign currencies, especially the U.S. dollar.
Members of the syndicate, led by Chief Douglas Mbonu sell the fake dollars to unsuspecting members of the public.
Acting on intelligence, the Commission, with operatives of the National Drug Law Enforcement Agency, NDLEA, arrested four members of the syndicate on 8 December at Swiss Pearl Continental Hotel, Koforidua Street, in the Wuse 2 Area of Abuja with fake $427,400.
The suspects include a woman, Princess Fashanu Adesina.
Others are John Ogbaje, Emmanuel Bassey and Chidi Nwanchukwu.
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They volunteered useful statements which eventually led to the arrest of the syndicate’s kingpin, Mbonu on Tuesday, December 14, 2021.
The Commission warns the public to be wary of the activities of fraud syndicates masquerading as Bureau de Change operators.
EFCC said the syndicate seeks to exploit the desperation of some citizens sourcing for forex for various purposes, only to defraud them of their hard-earned monies.
“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”, EFCC warned.
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