A syndicate of international fraudsters who specialise in
the production of fake Nigeria currencies and circulating them within and
around Borno state were recently arrested by the police in Maiduguri, the state
capital.
the production of fake Nigeria currencies and circulating them within and
around Borno state were recently arrested by the police in Maiduguri, the state
capital.
According to one of the arrested fake currency kingpins in
Borno, Adam Ajid, the counterfeits were produced in Cameroon and smuggled into
Nigeria.
Borno, Adam Ajid, the counterfeits were produced in Cameroon and smuggled into
Nigeria.
The suspect said a bundle of 100 notes of fake N1000 costs
N11000 while he sells them to fraudsters at the cost of N16000.
N11000 while he sells them to fraudsters at the cost of N16000.
Borno state police commissioner, Aderemi Opadokun, said the
suspect and other fraudsters arrested at different occasions were nabbed after
tip-off from informants. Mr. Opadokun said the arrested fraudster was found
with N4.5 million worth of fake currency all in crispy N1000 notes.
suspect and other fraudsters arrested at different occasions were nabbed after
tip-off from informants. Mr. Opadokun said the arrested fraudster was found
with N4.5 million worth of fake currency all in crispy N1000 notes.
“Following a tip off, our Special Anti Robbery Squad,
personnel arrested the suspect on 14/07/2015 with bundles of one thousand naira
notes in three different serial numbers to the tune of N4, 515, 000.00k strongly
suspected to be fake,” the Commissioner said.
personnel arrested the suspect on 14/07/2015 with bundles of one thousand naira
notes in three different serial numbers to the tune of N4, 515, 000.00k strongly
suspected to be fake,” the Commissioner said.
He also mentioned that the suspect’s supplier, who is
alleged to be from Cameroun Republic, is being trailed.
alleged to be from Cameroun Republic, is being trailed.
Mr. Ajid said he became an agent for his suppliers after
becoming bankrupt in his business due to the ongoing Boko Haram insurgency.
becoming bankrupt in his business due to the ongoing Boko Haram insurgency.
“I am an electronic merchant, buying wholesales from Alaba
market and selling in Cameroon,” said the suspect. “It was when my business
went down that I decided to join the business of fake money sales. I was
introduced into it by one Mallam Abdullahi who is a Cameroonian that I knew
during my business trips to Cameroon. And since after then, he used to sell a
bundle of N1000 note to me at the rate of N11,000 and I sell them to known fraudsters
at the rate of N16,000,″ he said.
market and selling in Cameroon,” said the suspect. “It was when my business
went down that I decided to join the business of fake money sales. I was
introduced into it by one Mallam Abdullahi who is a Cameroonian that I knew
during my business trips to Cameroon. And since after then, he used to sell a
bundle of N1000 note to me at the rate of N11,000 and I sell them to known fraudsters
at the rate of N16,000,″ he said.
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