Agents of the Economic and Financial Crimes Commission arrested three suspects in Lagos and began investigating them for alleged conspiracy and currency counterfeiting.

A statement by EFCC media and publicity manager Wilson Uwujaren revealed that the suspects were involved in currency counterfeiting and had a network spread around the world.

The statement read in part: “The suspects, Sylvanus Ifechukwu, Patrick Ibiam and Ajimijere Adegbenro, were arrested by the Nigeria Police Force Intelligence Bureau, Force Headquarters, Obalende, Lagos on April 30, 2021 and subsequently turned over to the EFCC for investigation and prosecution.

“The investigation revealed that the suspects, whose operational base is in Brazil, are believed to be producing fake foreign currencies such as the US dollar, pound sterling and euro, and are a source of buyers in strategic locations, including hotels, exchange offices and social gatherings within the Lagos Metropolis.

The anti-corruption agency said upon their arrest that some incriminating material had been recovered from the suspects, adding that they would soon be charged.

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