Police burst counterfeit currencies syndicate in Lagos hotel

LAGOS—Detectives of  the Inspector-General of Police, IGP, Intelligence Response Team, IRT, have uncovered a hotel in Badagry area of Lagos, allegedly used for printing of fake foreign currency.

Vanguard gathered that about 15 persons; eleven of who are Ghanaians and four Nigerians allegedly, used some of the rooms in the hotel to print the fake foreign currencies.



Selling of fake

foreign currencies

The currencies as gathered were sold to unsuspecting Nigerians who travel within the African continent, particularly Ghana.

Luck, however, ran out on them after a team of the IGP Intelligence Response Team, said to have acted on a tip off, stormed the hotel. But on sighting the detectives, the suspects reportedly abandoned the fake currencies in their hotel rooms and fled.

Vanguard gathered that when one of the rooms was searched, two suit cases filled with fake Ghanaian currencies were recovered.


Hotel owner arrested

Owner of the hotel with an undisclosed identity, who was arrested over the recovery, denied knowledge of the illegal business in his hotel, maintaining that it was not in their purview to interfere in their guests private affairs.

He said: “I didn’t know what the suspects were doing. Our duty is to check them in and whatever happens thereafter is unknown to us.”

Police sources disclosed that the suspects from Ghana came into the country with the aid of an undisclosed transporter, the police alleged to be conniving with foreigners.

“Moves are on to track the fleeing suspects as well as the Nigerian transporter,“ Police sources said


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