The EFCC have arrested members of a syndicate who specialize in counterfeiting foreign currencies, especially the dollar, for sale to unsuspecting members of the public.
EFCC spokesman, Wilson Uwujaren in a statement said the arrest was made with the commission acting on verified intelligence which led to other members of the syndicate, led by Chief Douglas Mbonu.
He said 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.
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.
