EFCC Burst Three Man Currencies Counterfeiting Syndicate At Obalande

The Lagos Zonal Office of the Economic and Financial Crimes Commission, EFCC, have commenced investigations into the alleged case of conspiracy and currency counterfeiting levelled against three suspects.

The suspects, Sylvannus Ireka Ifechukwu, Patrick Chima Ibiam and Ajimijere Mathias Adegbenro, were arrested by the Nigeria Police Force Intelligence Bureau, Force Headquarters, Obalende, Lagos on April 30, 2021 and subsequently handed over to the EFCC for further investigation and prosecution.

The suspects, who are into currency counterfeiting, allegedly have a network spread across the globe.

Investigation revealed that the suspects, whose operational base is located in Brazil, allegedly produce fake foreign currencies such as US Dollars, Pound Sterling and Euros and source for buyers at strategic locations including hotels, Bureau de Change offices and social gatherings within the Lagos metropolis.

Upon their arrest, some incriminating materials were recovered from them.

The suspects will soon be charged to court.

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