Police in Lagos have arrested a staff of the Nigerian Security Printing and Minting Company, NSPMC, for allegedly being in possession of fake N900,000 (nine hundred thousand naira) in N1,000 denomination.
The suspect, who identified himself as Osakpolo Igbinosa from Edo State, said the fake naira notes were not actually printed by him but were the ones that were yet to reach the final stage of printing by NSPMC where he works as a material security officer.
He said he had been perpetrating the criminal act since 2010 until he was recently arrested by crack detectives attached to ‘Area N’ Command Headquarters Ijede in Ikorodu, a suburb of Lagos.
According to him, he had gone to a nearby bureau de change operator to have the money exchanged for American Dollars, when the Hausa operator raised an alarm and alerted the police.
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