The recent arrest of fake currencies syndicate by the Lagos State Police Command represents a worrisome trend that poses great danger to the survival of the economy if such counterfeiting in money is not nipped in the bud.
The suspects, numbering five, who had been paraded by the Police at two different locations in Lagos, were caught with eight printing machines and a large quantity of printed fake notes in both local currency, the Naira, and foreign currencies such as Dollar, Pound, Euro and Cedi, totaling N108 million.