Follow @9jaLife The Lagos State Police Command on Monday paraded five men it had apprehended for printing local and foreign currencies. Two of the suspects, Femi Jacob and Ramon Adeoye, were arrested at Ogunlana Street, Alagbado with eight printing machines and a large quantity of printed fake notes in different currrencies totalling N8m. Isaka Usman and Akeem Ayobado were also arrested at Ikorodu with 14 printing machines, one cutting machine and N100m fake notes. The fifth suspect, Onyeka Ibe, was allegedly an Anambra-based buyer, who usually comes to Lagos to buy fake currencies. While addressing journalists, the state Commissioner of Police, Mr. Umar Manko, said, "This syndicate has been in operation for over five years. Their customers are spread across several African countries like the Republic of Benin, Mali, Ghana, Togo, Liberia and Sierra Leone." In his words, "The Officer-in-Charge of SARS, Superintendent of Police Abba Kyari, got a tip-off about the operations of the syndicate some weeks ago and mounted surveillance at Jacob's Alagbado residence. It was Jacob's confessional statement after his arrest that led to the arrest of Ayodabo who is the leader of the syndicate. "This case will eventually be handed over to operatives of Interpol because of the negative implications the fake currencies outflow might have had on the economies of the West African countries." Manko said the cutting machine was owned by Ayodabo and procured from the Republic of Benin. They are to be interrogated by the police as investigation continues. Source Follow @9jaLife
