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EFCC discovers $400,000 after the arrest of a fraudster



EFCC, on Saturday, April 7, 2018 arrested a suspected fraudster identified as Samson Otuedon, at Masaka area of Karu LGA in Nasarawa State for currency counterfeiting.

Otuedon, who specialized in counterfeiting foreign currencies, following an intelligence report on Friday, April 6, 2018 on the activities of fraudsters duping unsuspecting victims in Masaka area of the State.
On Otuedon’s arrest, fake foreign currencies summing up to $400,000 were recovered. While being interrogated, Otuedon admitted that the fake dollars were given to him by other members of his syndicate who were based in Lagos. According to him, one of their mode of operation was combining fake dollars with genuine ones; that way, it is easily infiltrated into the system.

Otuedon, who confessed to the crime, also admitted that the syndicate use fake dollars for money doubling too.

Okay, nice, EFCC is quick to make an arrest, but when it comes to politicians who have looted millions. You’ll be berated with series of court case news with no arrest.

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