Three In EFCC Custody Over Currency Counterfeiting

The Economic and Financial Crimes Commission (EFCC) has commenced investigations into the alleged case of conspiracy and currency counterfeiting leveled against three suspects.

EFCC’s Head of Media and Publicity, Wilson Uwujaren, disclosed this in a statement on Wednesday in Abuja, the Federal Capital Territory (FCT).

Those detained at the Lagos Zonal Office of the anti-graft agency are Sylvannus Ireka Ifechukwu, Patrick Chima Ibiam, and Ajimijere Mathias Adegbenro.

Uwujaren explained that the suspects were arrested by the Nigeria Police Force Intelligence Bureau, Force Headquarters on April 30 in the Obalende area of Lagos.

He added that they were subsequently handed over to the anti-graft agency for further investigation and prosecution.

“The suspects, who are into currency counterfeiting, allegedly have a network spread across the globe,” the statement said.

Investigation, the EFCC spokesman noted, revealed that the suspects have an operational base located in Brazil.

He said they were involved in the alleged production of fake foreign currencies such as US dollars, pound sterling and euros.

According to Uwujaren, they also source for buyers at strategic locations, including hotels, Bureau de Change offices, and social gatherings within the Lagos metropolis.

“Upon their arrest, some incriminating materials were recovered from them. The suspects will soon be charged to court,” the statement added.


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