Fake Naira Dealers Exposed And Arrested In Benue State

The Economic and Financial Crime Commission (EFCC) has arrested two men Moses Adukwu (33years old) and Iorlumun Reuben (27 years old) in Benue for currency counterfeiting and fraud.

Mrs Nwanyinma Okeanu, Zonal Head, Public Affairs Department stated that the case was referred by the Benue Department of State Security Service (DSS) to the EFCC.

Okeanu said that an indigene of Vandeikya Local Government Area of Benue, Reuben was first apprehended by DSS officials who rescued him from being killed at a public place.

“He had purchased airtime from a woman who noticed that Reuben had paid her with fake currency and alerted people around”, she said.

“When interrogated, Reuben stated that he was introduced to the business by another man still at large who also introduced him to a supplier called Moses Adukwu.

“He also confessed to still be in possession of about N18,000 fake currencies which he was unable to spend before his arrest.”

A former bus driver, Moses Adukwu is an indigene of Olamaboro Local Government Area, Kogi state and started working in the counterfeiting business in 2017.

“Adukwu alleged that he was introduced to the business by one Mohammed, still at large. He also stated 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 was sent to him by waybill process.”

Adukwu disclosed that during the questioning that for N50,000 authentic currency, he got about N400,000 fake naira notes in four different packets and marketed each bundle of fake currency for N25,000 of real currency.

“Iorlumun Reuben and Moses Adukwu are assisting the EFCC in their investigations and will soon be arraigned in court,” she concluded.