Please assign a menu to the primary menu location under MENU

Sunday, June 7, 2026
Cash Insight
  • Currencies
    • Investing in Currencies
  • Stock Market
  • UK Property
  • USA Property
  • Upcoming Investments
HomeCurrenciesPolice arrest six suspected currency counterfeiters in Yobe
Currencies

Police arrest six suspected currency counterfeiters in Yobe

3 weeks ago


Nigerian Police Force (NPF)

The Yobe State Police Command has nabbed six suspects for  alledged currencies counterfeiting in various parts of Yobe state.

According to the command, the arrests were made in efforts to dismantle criminal networks and other hideouts combat all forms of crime across the state,

The command’s Sspokesperson,SP Dungus Abdulkarim, in a statement on Sunday disclosed “The Police has recorded another significant breakthrough, which led to the arrest of a syndicate involved in fraud, counterfeiting of foreign currencies, and defrauding unsuspecting members of the public under false pretenses.”

The nabbed suspects include Abdullahi Hassan, 40, Mohammed Badaru,53, Ya’u Adamu Yellow, 25, Adamu Umar Doctor,35, and Salisu Abdullahi,25.

Abdulkarim further stated: “The breakthrough followed a complaint lodged on 12th May 2026, at about 2’30 p.m by a victim and a resident behind the New Prison Area in , Potiskum.

“The complainant reported to the police that sometime in March 2026, the suspects conspired and fraudulently obtained the sum of ₦49,2l million from him under the false pretense of producing money for him.”

The SP explained that preliminary investigation also revealed that part of the money, amounting to (₦430,000l was transferred through an OPay account (No. 9012923687) bearin Badaru Alhassan Gadau, while the remaining balance was allegedly collected in cash.

Further findings also indicated that after collecting the money, the suspects failed to fulfill their promise and allegedly compelled the complainant to swear with the  Qur’an, threatening that he would die should he discloses the transaction to anyone.

Upon the receipt of the complaint, personnel of Yindiski Division, Potiskum swiftly mobilized and, through intelligence-led and coordinated operations, apprehended five suspects found in possession of large quantities of suspected counterfeit foreign currencies from different countries.

He said the recovered exhibits from the suspects,  include suspected counterfeit West African CFA Franc notes and Moroccan currency denominations, several mobile phones, white cloth materials, calabash/ritual-related items, containers with unidentified substances, a backpack, and other suspected items believed to have been used in facilitating fraudulent activities and deceiving unsuspecting victims.

The exhibits have been documented and are undergoing further forensic and investigative examination

The suspects confessed to their involvement in the crime and are currently assisting investigators with useful information to aid the progress of the investigation.

The Commissioner of Police, Usman Jibrin Kanfani, commended the personnel for their professionalism and successful operation.

He directed a discreet and thorough investigation into the case and ordered intensified efforts to apprehend other fleeing members of the syndicate and any criminal elements operating with similar motives.

The CP further directed heightened surveillance and sustained 24-hour patrols across the state to ensure Yobe remains hostile and inaccessible to criminal elements.



Source link

Tags :OPay account
add a comment

Leave a Response Cancel reply

D.PatrickMay 17, 2026May 17, 2026
Central Bank of Libya source to Libya Herald: Direct transfers will effectively end the black market’s monopoly on foreign currency
Nifty 50, Sensex prediction today: Check how Indian stock market is expected to trade on 18 May

You Might Also Like

Currencies

Egypt-China currency swap: Financial instrument or strategic shift?

13 hours ago
At a time when emerging economies are seeking to diversify their financial tools and reduce excessive reliance on the US...
Currencies

America’s largest banks are building a new digital currency network to stop a massive deposit drain

15 hours ago
America's largest banks are preparing a direct response to one of crypto's fastest-growing products: stablecoins. JPMorgan Chase, Bank of America,...
Currencies

The battle for digital dollars is moving onchain

15 hours ago
America's largest banks are preparing a direct response to one of crypto's fastest-growing products: stablecoins.JPMorgan Chase, Bank of America, Citigroup...
Currencies

RBI Examining “Pros And Cons” Of Plastic Currency Notes, No Decision Yet

18 hours ago
New Delhi: The Reserve Bank of India (RBI) is examining a proposal to introduce polymer or plastic currency notes, although...

latest updates

Stock Market

Down 43% with a 9% dividend yield – should I buy this stock?

56 minutes ago
Upcoming Investments

Anwar to address Nikkei Forum, explore new investments in three-day visit to Japan

1 hour ago
Upcoming Investments

How The Investment Story For Alvotech (ALVO) Is Shifting Without New Analyst Guidance

5 hours ago
Stock Market

Don’t Wait: Right Now Is an Excellent Opportunity to Rebalance Your Portfolio

5 hours ago

find us on socials

popular updates

Rocket Companies: RKT Stock To $40?

9 months ago

India,UAE to start settling trade in local currencies soon – Economy News

9 months ago

The stunning UK seaside town known as ‘Devon’s Dubai’ | UK | News

9 months ago

latest updates

Down 43% with a 9% dividend yield – should I buy this stock?

56 minutes ago

Anwar to address Nikkei Forum, explore new investments in three-day visit to Japan

1 hour ago

How The Investment Story For Alvotech (ALVO) Is Shifting Without New Analyst Guidance

5 hours ago

random updates

Sensex Today | Stock Market Live Updates: GIFT Nifty indicates a start in the green for indices; Yes Bank in focus

1 year ago

Stock Market Today Highlights: Sensex jumps 485 pts, Nifty 50 ends above 25,850; Realty, metals, PSU Banks lead

4 months ago

As the dollar falters, the world’s central banks tread a tightrope — devalue their currency or not – NBC Chicago

1 year ago
  • Contact us
  • Terms and Conditions
  • Privacy Policy

Copyright © 2023 Cash Insight. All Rights Reserved.