Police arrest 5 suspected members of fake dollar syndicate

Police arrest 5 suspected members of fake dollar syndicate

- The police have arrested five suspected members of a fake dollar syndicate in Gombe state

- The state commissioner of police, Shina Olukolu said the arrest was made by the combinations of the Police X-Squad and Police State Intelligence Bureau

- Olukolu noted that two of the suspects were arrested with two pieces of one hundred US dollar

The commissioner of police in Gombe state, Shina Olukolu, on Tuesday, July 17, declared that the police have arrested five suspected members of a fake dollar syndicate in Gombe, the state capital.

News Agency of Nigeria (NAN) reports that Olukolu said in a statement made available to journalists in Gombe that the suspects were arrested with 60 pieces of fake 100 US dollar notes.

He said the arrested suspects had taken advantage of the upcoming Muslims annual pilgrimage to Saudi Arabia to defraud innocent pilgrims of their money through sales of fake dollars.

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“It is common knowledge that the Muslim faithful annual pilgrimage to Mecca is around the corner and in the same vein some criminal elements have perfected plans to take undue advantage of this to defraud pilgrims.

“Five (members of a) fake dollar syndicate were arrested from different locations based on credible information from members of the public. These arrests were made by the combinations of the Police X-Squad and Police State Intelligence Bureau.

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“Two of the suspects who were arrested with two pieces of one hundred US dollar notes had invited one Tamin Idris from Lagos to Gombe State to be defrauded before the SIB nabbed them.’’

The commissioner advised intending pilgrims to desist from buying dollars from unauthorised persons and places offering ridiculous rates as opposed to official channels.

He assured that the police would continue to truncate the plans of criminals, arrest and prosecute them in accordance with the law.

Meanwhile, NAIJ.com had reported that the Economic and Financial Crimes Commission said it arrested a suspected fraudster, Samson Otuedon, with over $400,000 (N144m) fake notes.

The EFCC said in a statement by its Spokesman, Wilson Uwujaren, that the suspect was arrested at Masaka, Karu local government area of Nasarawa state.

Otuedon, who specialised in counterfeiting foreign currencies, was apprehended following an intelligence report on the activities of a syndicate of fraudsters duping unsuspecting victims in the Masaka area of the state.

The commission, upon the receipt, of the report swung into action by putting the area under surveillance, an action that led to the eventual arrest of the suspect on Saturday.

The statement added, “While being interrogated, Otuedon admitted that the fake dollars were given to him by other members of his syndicate based in Lagos.

“Otuedon, who confessed to the crime, also admitted that the syndicate uses fake dollars for ‘money doubling’.”

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Source: Naija.ng

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