Photo: Nigerian Arrested With Fake $400,000 Bills

The Economic and Financial Crimes Commission, EFCC, has arrested a suspected fraudster, Samson Otuedon, at Masaka, Karu Local Government Area of Nasarawa State for currency counterfeiting.

Mr Otuedon, who allegedly specialised in counterfeiting foreign currencies, was apprehended following an intelligence report on the activities of a syndicate of fraudsters duping unsuspecting victims in the Masaka area of the state.

The commission, upon the receipt of the report swung into action by putting the area under surveillance, an action that led to the eventual arrest of the suspect on Saturday. Upon arrest, over $400,000 (Four Hundred Thousand United States Dollars) were recovered.