The Economic and Financial Crimes Commission has arrested a suspected fraudster, Samson Otuedon, with over $400,000 (N144 million) fake notes.
The EFCC spokesman, Mr. Wilson Uwujaren, said that the suspect was arrested at Masaka, Karu Local Government Area of Nasarawa State.
Otuedon, who specialised in counterfeiting foreign currencies, was apprehended following a tip-off on the activities of a syndicate of fraudsters duping unsuspecting victims in the Masaka area of the state.
Following the tip-off, the EFCC placed the area under surveillance, an action that led to the eventual arrest of the suspect on Saturday.
The statement added,
“While being interrogated, Otuedon admitted that the fake dollars were given to him by other members of his syndicate based in Lagos. Otuedon, who confessed to the crime, also admitted that the syndicate uses fake dollars for ‘money doubling’.”
The anti-graft agency said the suspect would be charged to court as soon as investigations were concluded.
