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Two suspected currency counterfeiters identified as Moses Adukwu and Iorlumun Reuben, have been arrested by the Economic and Financial Crimes Commission (EFCC) following a case transfer from the Department of State Service (DSS) to the anti-graft agency.

While 27-year-old Iorlumun from Vandeikya Local Government Area of Benue State was arrested by the DSS after being rescued him from being lynched for buying airtime with fake currency, 33-year-old Adukwu from Olamabiro Local Government Area of Kogi State is a former bus driver who joined the counterfeiting business in 2017.

EFCC’s statement reads;

The journey for the two men began when the EFCC Makurdi zonal office received a case transferred from the Department of State Service, DSS against them.

Iorlumun, 27 years old from Vandeikya Local Government Area of Benue State was arrested by DSS who rescued him from being lynched. He had purchased airtime from a woman who noticed that Reuben had paid her with fake currency and alerted people around.

When interrogated, he confessed that he was introduced to the business by another man still at large who had also introduced him to a supplier, Adukwu. He also confessed to still be in possession of about N18,000 fake currencies which he has been unable to spend before his arrest.

Adukwu, 33, who hails from Olamabiro Local Government Area of Kogi State, is a former bus driver who joined the counterfeiting business in 2017. He claimed he was introduced to the fraudulent business by one Mohammed still at large. He also confessed that he had visited Lagos to get his consignment but his meeting with the supplier was conducted under the Oshodi bridge.

Subsequently, he paid the cash equivalent into the supplier’s account while his consignment of fake currencies are sent to him by Waybill process.

Adukwu revealed during interrogation that for N50,000 real currency, he gets about N400,000 fake naira notes in four packets. He then sells each pack of fake currency for N25,000 of genuine currency.

They will soon be charged to court.

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