The Economic and Financial Crimes Commission (EFCC), said its operatives have arrested four members of a syndicate who specialize in counterfeiting foreign currencies.
A statement released by the anti-graft agency, said theses syndicate concentrate mainly on counterfeiting dollar currency which they sale to unsuspecting members of the public.
The Commission disclosed that the arrest followed a joint operation with operatives of the National Drug Law Enforcement Agency (NDLEA), on Wednesday, December 8, 2021.
The two agencies carried out the operation at Swiss Pearl Continental Hotel, Koforidua Street, in the Wuse 2 Area of Abuja based on verified intelligence.
The suspects were arrested with fake dollar currencies to the tune of $427,400.
The EFCC warned Nigerians especially those who will return for the festive period to be wary of their monetary transactions to avoid falling victim.
