The suspects, Sylvanus Ireka Ifechukwu, Patrick Chima Ibiam, and Ajimijere Mathias 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.

The suspects, who are into currency counterfeiting, allegedly have a network spread across the globe.

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

Upon their arrest, some incriminating materials were recovered from them.

According to the authorities, the suspects will soon be charged to court.