#UPDATE: Beware of New Money! NDLEA Arrests Man with Over N9.8m Fake Currency N1000 Notes (See Photo)

The suspect with the fake currency

A fraudster has been arrested with the fake currency notes in Kwara State which are mainly N1,000 notes worth up to N10 million while many others are already in circulation. 

While presenting a suspected frauster to newsmen in Ilorin, the NDLEA Commander in Kwara state, Apeh Reuben, has revealed that the National Drug Law Enforcement Agency on Friday, arrested Mohammed Adamu for possessing N9.8 million fake currency notes which were mainly N1,000 notes.

Reuben who disclosed that Adamu concealed the fake notes in a carton of noodles wrapped with cello tape, added that the suspect was arrested by NDLEA Jebba Command while on transit to Kano on Aug. 9, 2016.

The commander said that Adamu conspired with a yet-to-be-identified individual in Ilorin to carry out the act.“Investigation is in process aimed at arresting the accomplice,” adding that the agency was a alerting the public on the fake money in circulation.

“We just want to alert the public to be aware of such fake money because if this amount of money is allowed to be injected into the economy, it is very bad.

“A lay man can hardly identify that they are fake currency. These days we even have cases of people collecting money from ATM and still find fake currency in them,” he added.

The suspect, who spoke to newsmen in Hausa language, admitted that the fake currency was found on him.