The Economic and Financial Crimes Commission,
EFCC, on Saturday arrested a suspected fraudster, Samson Otuedon, at Masaka,
Karu Local Government Area of Nasarawa State for currency counterfeiting.
Mr Otuedon, who allegedly 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.
Upon arrest, over $400,000 (Four Hundred
Thousand United States Dollars) were recovered.
While being interrogated, Mr Otuedon admitted
that the fake dollars were given to him by other members of his syndicate based
in Lagos.
Mr Otuedon, who confessed to the crime, also
admitted that the syndicate use fake dollars for money doubling.
The suspect will be charged to court as soon as
investigations are concluded.
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