Please assign a menu to the primary menu location under MENU

Monday, August 10, 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 months 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

Currency defence gets makeover as central banks in Asia guard reserves | World News

23 hours ago
By Subhadip Sircar  Central banks in emerging Asia are increasingly finding ways to support their currencies without dipping...
Currencies

India Firmly Rejects BRICS Common Currency Proposal, Piyush Goyal Clarifies Stand Amid Dollar Debate

3 days ago
The expanded BRICS grouping comprises Brazil, China, Egypt, Ethiopia, India, Indonesia, Iran, Russia, Saudi Arabia, South Africa and the United...
Currencies

WMR Intraday Spot Rate Benchmarks – Intraday Liquidity In APAC Currencies

5 days ago
FTSE Russell is a leading global provider of index and benchmark solutions, spanning diverse asset classes and investment objectives. As...
Currencies

Emerging-market stocks and currencies pressured by rising oil prices

6 days ago
On April 22, the MSCI index of emerging-market currencies dropped 0.3%, its worst single-day performance in more than a week....

latest updates

Stock Market

CAPITAL IDEAS: Corporate insiders are signaling stock market risk

1 hour ago
Upcoming Investments

4 Rules for Buying an Investment Property in a Recession

2 hours ago
Upcoming Investments

SLR Investment: Collecting 9.4% Yield While Waiting For Growth (NASDAQ:SLRC)

3 hours ago
Stock Market

Event tomorrow for Keybanc Capital Markets August 10am est

4 hours ago

find us on socials

  • Popular Updates
  • Recent

What New Investors Should Know

1 year ago

UK house prices decline for third consecutive month

2 months ago

Man charged after £450,000 cannabis farm uncovered in property

1 month ago

Brazil Bars Major Pension Funds From Investing in Cryptocurrencies

1 year ago

CAPITAL IDEAS: Corporate insiders are signaling stock market risk

1 hour ago

4 Rules for Buying an Investment Property in a Recession

2 hours ago

SLR Investment: Collecting 9.4% Yield While Waiting For Growth (NASDAQ:SLRC)

3 hours ago

Event tomorrow for Keybanc Capital Markets August 10am est

4 hours ago

popular updates

Rocket Companies: RKT Stock To $40?

11 months ago

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

11 months ago

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

11 months ago

latest updates

CAPITAL IDEAS: Corporate insiders are signaling stock market risk

1 hour ago

4 Rules for Buying an Investment Property in a Recession

2 hours ago

SLR Investment: Collecting 9.4% Yield While Waiting For Growth (NASDAQ:SLRC)

3 hours ago

random updates

As Currency Volatility Reshapes Global Markets, Alternative FX Strategies Draw Investor Interest

2 months ago

Dow futures drop 270 points on tariff concerns; Dollar around 100 levels

1 year ago

What Is Cryptocurrency?

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

Copyright © 2023 Cash Insight. All Rights Reserved.