A syndicate of international
fraudsters who specialise in the production of fake NIGERIA currencies and
circulating them within and around Borno state were recently arrested by the
police in Maiduguri, the state capital.
According to one of the
arrested fake currency kingpins in Borno, Adam Ajid, the counterfeits were
produced in Cameroon and smuggled into NIGERIA.
The suspect said a bundle of
100 notes of fake N1000 COSTS N11000 while he sells them to fraudsters at the
COST of N16000.
Borno state police
commissioner, Aderemi Opadokun, said the suspect and other fraudsters arrested
at different occasions were nabbed after tip-off from informants. Mr. Opadokun
said the arrested fraudster was found with N4.5 million worth of fake currency
all in crispy N1000 notes.
“Following a tip off, our
Special Anti Robbery Squad, personnel arrested the suspect on 14/07/2015 with
bundles of one thousand NAIRA notes in three different serial numbers to the
tune of N4, 515, 000.00k strongly suspected to be fake,” the Commissioner said.
He also mentioned that the
suspect’s supplier, who is alleged to be from Cameroun Republic, is being
trailed.
Mr. Ajid said he became an
agent for his suppliers after becoming bankrupt in his business due to the
ongoing Boko Haram insurgency.
“I am an electronic merchant,
buying WHOLESALES from Alaba market and selling in Cameroon,” said the suspect.
“It was when my business went down that I decided to join the business of fake
money sales. I was introduced into it by one Mallam Abdullahi who is a Cameroonian
that I knew during my business trips to Cameroon. And since after then, he
used to sell a bundle of N1000 note to me at the rate of N11,000 and I sell
them to known fraudsters at the rate of N16,000,″ he
said.
Premium Times
0 Comments