Operatives of the Economic and Financial Crimes Commission have taken into custody three suspects in Lagos and begun investigating them for alleged conspiracy and currency counterfeiting.

A statement by the Head, Media and Publicity, EFCC, Wilson Uwujaren, revealed that the suspects were into currency counterfeiting and had a network spread across the globe.

The statement read in part, “The suspects, Sylvanus Ifechukwu, Patrick Ibiam and Ajimijere Adegbenro, were arrested by the Nigeria Police Force Intelligence Bureau, Force Headquarters, Obalende, Lagos, on April 30, 2021 and subsequently handed over to the EFCC for further investigation and prosecution.

“Investigation revealed that the suspects, whose operational base is located in Brazil, allegedly produce fake foreign currencies such as US dollars, pound sterling and euro, and source for buyers at strategic locations, including hotels, Bureau de Change offices and social gatherings within the Lagos metropolis.”

The anti-graft agency said upon their arrest, some incriminating materials were recovered from the suspects, adding that they would soon be charged.