A couple and two others have been arrested by detectives from the Zone 2 command in charge of Lagos and Ogun states with fake N9 Million and 300 million CFA notes in the Lagos Island area of the metropolis.
Parading the suspects before newsmen on Friday at the headquarters of Zone 2 at Onikan, Lagos, Olatoye Durosinmi said the suspects were arrested based on an intelligence report about the hideout of one Adeniyi Quadri, who was said to have specialized in counterfeiting different currencies.
The suspects are Adeniyi Quadri, 35, Oludare Oluwayemisi, 46, Oludare Olamilekan, 50, and Ilelaboye Johnson, 62, who are said to be members of a fake currency syndicate that operates in the West Africa sub-region.
Quadri said he was recruited into the syndicate by Olamilekan Oludare, who is the head of the syndicate in Lagos Island.
“I am paid N10,000 to print 1,000 pieces of fake N1,000 notes. Already, I have printed about a million before my arrest. I was paid N50,000 to do the job,” Quadri said.
Olamilekan admitted that his wife also helped in the distribution of fake foreign currencies among Bureau De Change operators.
