A syndicate specialized in counterfeiting United States dollars has been busted in Abuja, Nigeria’s federal capital.
The fake currency syndicate was apprehended with $427,400 (N175,661,400) during a joint operation by the Economic and Financial Crimes Commission (EFCC) and the National Drug Law Enforcement Agency (NDLEA).
According to the EFCC, the group sells counterfeit foreign currencies to unsuspecting members of the public.
The anti-graft agency said it 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.”
The commission shared photos of the fake bundles of USD it recovered on its Facebook page but failed to reveal identities of the arrested suspects.
