Oyo Police Nab Six Currency Dealers, Seize €8,900 in Counterfeit Euro Notes

The Oyo State Police Command in Nigeria has made a significant arrest in the fight against counterfeiting. On September 1, at around 7:30 pm, operatives on township patrol around the Labo, Wesley area intercepted three men traveling on a motorcycle.

A search of the suspects led to the recovery of 89 pieces of suspected counterfeit €100 notes with a total face value of €8,900. The suspects were identified as Tijani Saheed, 50; Oni Oladapo, 67; Adebayo Saheed, 52; and Hammed Karemu, 25.

The suspects confessed to the commission of the crime during investigation and led operatives to the location where the suspected counterfeit currency was allegedly purchased. A forensic sweep of the premises resulted in the recovery of exhibits suspected to have been used in the production of the counterfeit notes and the arrest of the alleged producer, bringing the total number of suspects arrested in connection with the case to six.