Police Arrest Couple Over Alleged Currency Counterfeiting

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Operatives of the Zone 2 Police Command, Onikan, Lagos, have arrested a couple, ex-military personnel and a printer, who allegedly specialise in producing fake currencies.

The police paraded the couple, aged 50 and 46; the ex-soldier, aged 62; and the printer aged 35, at the command’s headquaters on Friday in Lagos.

The Zonal Public Relations Officer, SP Tunni Ayuba, paraded the suspects on behalf of the Assistant Inspector-General of Police (AIG) in charge of the zone, Mr Olatoye Durosinmi.

Ayuba said that the arrest of the printer led to the arrest of the couple and the ex-soldier.

The spokesperson said that the police also confiscated a printing machine allegedly used by the printer in printing security threads on counterfeit currencies.

Ayuba added that the police recovered cash of 300 million CFA and nine million Naira, both suspected to be counterfeit, from the printer.

The spokesperson said that all the suspects confessed to various roles in the alleged crime.

According to Ayuba, the printer confessed to have been in currency counterfeiting for over three years and named those he supplied fake currencies for circulation.

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