The Special Intelligence Squad of the Nigeria Security and Civil Defence Corps has busted a fake dollar syndicate in Nasarawa State.
The notorious syndicate, NewsSpecng learnt specialises in printing, sales and distribution of fake dollar notes.
This was contained in a statement signed by the corps spokesperson, Olusola Odumosu, on Monday.
According to the statement, the syndicate had been operating for the past 10 years around Mararaba under-bridge by Heart Plaza in the Karu Local Government Area of Nasarawa State before they were nabbed.
The corps explained that fake dollar notes amounting to $15,400 were found in possession of two syndicate members, Ya’u Muhammed, 65, and Lamido Usman, 29, who are in custody.
Investigation revealed that the suspects have defrauded many individuals of their money while posing as Bureau de Change operators.
The statement read in part, “In a clandestine operation carried out by the CG’S SIS Squad, the suspects were smoked out of their hideout and subsequently arrested using the sum of N250,000 to disguise in exchange for US dollars.
“Two members of the syndicate arrested were found in possession of a total of $15,400 fake US dollars. They are Ya’u Muhammed, male, 65 years old, from Bauchi State, Warji LGA and Lamido Usman, male, 29yrs, from Taraba state La’u LGA.
“Other items recovered from the suspects include a First Bank ATM card, screw driver and original $100 dollar note.
“The suspects are currently undergoing preliminary investigation after which they would be handed over alongside the exhibits to NSCDC Nasarawa State Command under whose jurisdiction the arrest took place for further action.”
