Police bust fake dollar syndicate, arrest one, recover bags of counterfeit currency

Operatives of the Ondo State Police Command have smashed a suspected counterfeit currency printing operation in Kiniso village, Ajue, in the Odigbo Local Government Area of the state.

One suspect was arrested by the operatives with three bags of suspected counterfeit United States dollar notes recovered.

While disclosing the operation, the Police Public Relations Officer in the state, Abayomi Jimoh, stressed that the operation was carried out following a complaint lodged by one Yusuf Nasiru of Sabo, Okitipupa.

According to the police spokesperson, the complainant reported that two men, identified as Peter Desmond and Olami Toro, both residents of Ode-Irele, had approached him at his shop inquiring about exchanging United States dollars for their naira equivalent.

He said, “The complainant stated that he handed over the sum of $6,000, valued at approximately N8,600,000, to the men.

“However, while waiting to receive the naira equivalent, the suspects allegedly returned the dollars to him, claiming they did not have sufficient funds to complete the transaction, and subsequently left.

“The complainant later discovered, upon closer examination, that the dollar notes returned to him were counterfeit, prompting him to report the incident to the police.”