Twelve individuals from a syndicate suspected of engaging in the production of counterfeit dollar notes were apprehended along the Bajoga-Duku axis in Gombe State.
The Gombe Police Command’s Public Relations Officer, ASP Mahid Abubakar, disclosed that the syndicate specialized in printing and circulating fake currencies.
The operation, conducted with precision, led to the apprehension of twelve suspects linked to the illicit production of counterfeit US dollar notes. The Bajoga-Duku axis in Gombe State served as the backdrop for the police action, highlighting the geographical scope of the syndicate’s activities. The successful arrest is a testament to the dedication and effectiveness of law enforcement agencies in combating economic crimes that undermine the stability of financial systems.
The Gombe Police Command’s Public Relations Officer, ASP Mahid Abubakar, revealed that the syndicate was highly specialized in the printing and circulation of counterfeit currencies. The scale of their operation became evident as law enforcement authorities recovered 563 pieces of fake 100-dollar bills during the operation. In addition to the counterfeit currency, a sum of N265,000 in genuine currency was also seized from the suspects, providing further evidence of the illicit gains made through their criminal activities.
Counterfeit currency production poses a severe threat to the stability and integrity of any nation’s economy. The arrest of the twelve-member syndicate in Gombe State is a crucial step towards safeguarding the financial well-being of the region and the nation at large. The recovery of a substantial number of counterfeit 100-dollar bills underscores the potential damage that such criminal enterprises can inflict on the economy by eroding public trust in the currency and disrupting legitimate financial transactions.
The police recovered 563 pieces of counterfeit 100-dollar bills and N265,000 from the suspects.
Abubakar emphasized that the arrests were made based on credible intelligence, and upon completion of the investigation, the suspects would face charges in court.
He urged residents to stay vigilant and report any suspicious individuals or activities to security agencies.
Abubakar said 563 pieces of counterfeit 100-dollar bills and N265,000 were recovered from the suspects by the police operatives, the News Agency of Nigeria reports.
He also confirmed that operatives of the command acting on credible intelligence arrested the suspects between the Bajoga and Dukku axes, respectively.
Abubakar said the suspects would be charged in court upon completion of the investigation.
He urged residents of the state to be more vigilant and report suspicious people and activities to security agencies.
The individuals arrested in connection with the counterfeit currency syndicate are likely to face serious legal consequences. Counterfeiting currency is a criminal offense that attracts severe penalties, reflecting the gravity of the economic impact associated with such activities. The legal proceedings against the suspects will play a crucial role in demonstrating the commitment of the justice system to holding individuals accountable for undermining the nation’s financial stability.
The apprehension of the twelve-member syndicate involved in the production of fake US dollar notes along the Bajoga-Duku axis in Gombe State is a significant milestone in the ongoing efforts to combat economic crimes. The operation, led by the Gombe Police Command, demonstrates the effectiveness of law enforcement in addressing the intricate challenges posed by counterfeit currency production. The recovery of a substantial amount of counterfeit currency emphasizes the importance of continued vigilance and collaboration among security forces to safeguard the economy from illicit activities that threaten its stability and integrity.