Police operatives of Zone 2 command, Onikan, Largos, Friday paraded a couple, ex-military personnel and currency counterfeit syndicates who specialized in printing of fake currency of different countries inside their room in Lagos.
The suspected syndicates were identified as Adeniyi Quadri, 35; Oludare Olamilekan, 50; Oludamilare Oluwakemi, 46 and Ilelabayo Johnson, 62.
The exhibits recovered from them were 1 currency printing machine; one hundred and eighty million Cameroonian CFA suspected to be counterfeit currency; 9 million naira; and one thousand naira denominations suspected to be counterfeit.
While parading the suspects, the Assistant Inspector General of Police, AIG, Olatoye Durosimi, in charge of zone 2, Onikan Lagos, said that the command details an Intelligence team on the hideout of one Adeniyi Quadri, who specializes in counterfeiting different currencies and onward supply of same to his allies.
He said that the O/C Zonal Monitoring Unit, CSP, Tijani Taofiq detailed DSP. Adeyemi Akeem and team to discretely investigate.
He explained that when the team swung into action and on February 3, 2024. The hideout of one Adeniyi Quadri, of No. 11 Alof Street, Lagos Island was invaded where the suspect was arrested and a printing machine he uses in printing security threads on all sorts of counterfeited currencies of cash sum of three hundred million CFA and Nine Million Naira all suspected to be counterfeit were recovered in his possession
According to him, Adeniyi Quadri confessed to having been in the business of currency counterfeiting for over three years and also named his cohort who he supplies for circulation.
Meanwhile, his confession led to the arrest of Oludare Oluwayemisi and Oludare Olamilekan who are a couple and partners in the crime.
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