Three suspects have been arrested by the Economic and Financial Crimes Commission (EFCC) following an investigation into an alleged case of conspiracy and currency counterfeiting. 

The suspects identified as Sylvannus Ireka Ifechukwu, Patrick Chima Ibiam, and Ajimijere Mathias Adegbenro are detained at the Lagos Zonal Office of the anti-graft agency. 

EFCC’s Head of Media and Publicity, Wilson Uwujaren said they were arrested by the Nigeria Police Force Intelligence Bureau, Force Headquarters on April 30 in Obalende area of Lagos and handed over to the anti-graft agency for further investigation and prosecution.

The statement read; 

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

Uwajuren revealed that the suspects have an operational base located in Brazil, and also added that they were involved in the alleged production of fake foreign currencies such as US dollars, pound sterling and euros.

They also source for buyers at strategic locations, including hotels, Bureau de Change offices, and social gatherings within the Lagos metropolis.

The statement added; 

“Upon their arrest, some incriminating materials were recovered from them. The suspects will soon be charged to court.”