Police arrest ‘couple, ex-soldier’ for ‘printing fake currency’ in Lagos

The Lagos police command on Friday paraded a couple, an ex-military personnel and a printer, arrested for allegedly producing fake currencies.

Tunni Ayuba, zonal spokesperson of the police, who paraded the suspects, said the couple and the ex-soldier were arrested after the printer was apprehended.

Ayuba said the printer was arrested on February 3 when the operatives invaded his hideout on Lagos Island.

“Based on intelligence report duly approved by the AIG, zone 2 command, the O/C monitoring unit, CSP Tijani Taofiq, detailed DSP Adeyemi and his team to discretely investigate,” NAN quoted the spokesperson as saying.

Ayuba added that operatives seized a printing machine allegedly used by the printer in printing security threads on counterfeit currencies and recovered 300 million CFA and N9 million, suspected to be counterfeit.

She said the suspects have confessed to various roles in the alleged crime noting that the printer admitted to having been in currency counterfeiting for over three years.

“His confession led to the arrest of the couple, who are partners in the crime,” she said.

She noted that efforts are being intensified to apprehend fleeing members of the syndicate.