Operatives of the Abuja Zonal Office of the EFCC have arrested Badamasi Sule and Muhammad Muhammad, suspected money-doublers, for being in possession of counterfeit Naira notes totaling about N45million.
They were arrested following actionable intelligence report which exposed a syndicate of fraudsters who specialize in printing fake N1,000 notes. They were also found to be in possession of fake $100 bills.
Investigations further revealed that two “Ghana-must-go bags” in their possession containing the N1,000 notes were shortly to be put into circulation.
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Their primary targets are bureaux de change operators, and unsuspecting members of the public.
The syndicate is believed to be operating from Gashua, Yobe State, with its dispatch lodge being a hotel located in Abacha Estate, Abuja