EFCC arrests man with fake $400,000

The Economic and Financial Crimes Commission says it has
arrested a suspected fraudster, Samson Otuedon, with over $400,000
(N144m) fake notes.

The EFCC said in a statement by its Spokesman, Mr. Wilson
Uwujaren, that the suspect was arrested at Masaka, Karu Local
Government Area of Nasarawa State.

Otuedon, who specialised in counterfeiting foreign currencies,
was apprehended following an intelligence report on the activities
of a syndicate of fraudsters duping unsuspecting victims in the
Masaka area of the state.

The commission, upon the receipt, of the report swung into
action by putting the area under surveillance, an action that led
to the eventual arrest of the suspect on Saturday.

The statement added, “While being interrogated, Otuedon admitted
that the fake dollars were given to him by other members of his
syndicate based in Lagos. Otuedon, who confessed to the crime, also
admitted that the syndicate uses fake dollars for ‘money
doubling’.”

The anti-graft agency said the suspect would be charged to court
as soon as investigations were concluded.

The Economic and Financial Crimes Commission says it has
arrested a suspected fraudster, Samson Otuedon, with over $400,000
(N144m) fake notes.

The EFCC said in a statement by its Spokesman, Mr. Wilson
Uwujaren, that the suspect was arrested at Masaka, Karu Local
Government Area of Nasarawa State.

Otuedon, who specialised in counterfeiting foreign currencies,
was apprehended following an intelligence report on the activities
of a syndicate of fraudsters duping unsuspecting victims in the
Masaka area of the state.

The commission, upon the receipt, of the report swung into
action by putting the area under surveillance, an action that led
to the eventual arrest of the suspect on Saturday.

The statement added, “While being interrogated, Otuedon admitted
that the fake dollars were given to him by other members of his
syndicate based in Lagos. Otuedon, who confessed to the crime, also
admitted that the syndicate uses fake dollars for ‘money
doubling’.”

The anti-graft agency said the suspect would be charged to court
as soon as investigations were concluded.