AKURE, NIGERIA — Operatives of the Ondo State Police Command have uncovered a suspected counterfeit United States dollar printing factory in Kiniso Village, via Ajue, within Odigbo Local Government Area of the state.
The police operation, conducted on October 29, 2026, led to the arrest of one suspect, identified as Peter Desmond, while several other occupants escaped over the perimeter fence during the raid.
Detectives attached to the Okitipupa Divisional Headquarters recovered three bags containing suspected counterfeit US dollar notes along with a small wooden box and printing equipment used by the counterfeiting syndicate.
According to the Police Public Relations Officer, SP Abayomi Jimoh, the raid followed a formal complaint lodged by a bureau de change operator in Sabo, Okitipupa, who was defrauded of ₦8.6 million in exchange for $6,000 in fake dollar notes.
Following technical tracking and intelligence gathering, officers traced the primary suspect to the Kiniso Village hideout where the currency production was being carried out.
The Ondo State Commissioner of Police, CP Felix Ohagwu, has directed detectives to intensify investigations to apprehend the fleeing members of the syndicate and ensure all culpable individuals face prosecution.
Meanwhile, the police command has cautioned residents and business owners against engaging in unverified foreign exchange deals with unauthorized dealers outside formal financial channels.
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