Police arrest 4 money counterfeiters in Lagos
Operatives of the Zone 2 Police Command have arrested a 4-man syndicate of money counterfeiters who specialize in remodeling naira, pound, dollar and CFA currencies.
The syndicates were; Oludare Olamilekan (50), his wife, Oludare Oluwayemisi (46), Ilelabayo Johnson (62) and Adeniyi Quadri (35).
Parading the suspects before the media on Friday, the Assistant Inspector-General of Police in charge of the Zone, Olatoye Durosinmi, explained that the suspects were nabbed after a team of operatives, led by DSP Adeyemi Akeem acted on credible information.
Durosinmi added that operatives swooped on the hideout of Adeniyi Quadri who specializes in counterfeiting different currencies and supplying same to his allies at different locations, including Cameroon.
He added that the arrest of Quadri led to the arrest of the others and the recovery of exhibits including one currency printing machine, one hundred and eighty million Cameroun CFA suspected to be counterfeit.
According to him, other exhibits recovered were fake nine million Naira in one thousand naira denominations and other currencies worth millions suspected to be counterfeited.
Speaking with journalists, Quadri, who filled remorseful, confessed to have been in the business of currency counterfeiting for over three years.
The AIG revealed that during Quadri’s arrest, his house and premises were searched and some suspected counterfeit local and foreign currencies were recovered in his possession.
He said that the suspects confessed to various roles they played in the process of committing the offence.
Durosinmi stated that efforts were intensified to apprehend other fleeing members of the syndicate, warning criminals to desist from crime because they would be caught.
