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EFCC Arrests Two With 81,700 Fake Dollar Notes
EFCC Arrests Two With 81,700 Fake Dollar Notes....KINDLY READ THE FULL STORY HERE▶
Operatives of the Kaduna Zonal Command of the Economic and Financial Crimes Commission (EFCC) have apprehended Abdullahi Yahaya and Ibrahim Haruna in Kaduna metropolis on allegations of currency counterfeiting…….CONTINUE READING
The commission revealed that, upon their arrest, $81,700 in counterfeit $100 bills was found in their possession.
In a statement made available to newsmen in Kaduna over the weekend, Dele Oyewale, the commission’s head of Media and Publicity, stated that Haruna, during interrogation, claimed the counterfeit dollars were given to him months ago for safekeeping by an individual named Babangida, who is currently at large.
Yahaya, on his part, stated that he learned of Haruna’s possession of fake dollars through Kabiru, also at large, who connected him to Haruna. Yahaya was to collect the counterfeit dollars and deliver them to a buyer waiting at a predetermined location.
The EFCC also disclosed that other items found in the suspects’ possession at the time of their arrest included a small quantity of a colorless substance suspected to be mercury, a chemical allegedly used in the production of fake dollars.
According to the statement, the suspects will be charged to court once investigations are concluded.
Meanwhile, the EFCC has been praised for its professionalism and dedication in combating corruption and economic and financial crimes. This commendation came during a courtesy visit by the Nigerian Bar Association (NBA), Kaduna State Branch, to the Kaduna Zonal Command of the EFCC.
During an interview on Channels Television’s ‘Politics Today’, former minister Rotimi Amaechi dismissed recent comments made by FCT Minister Nyesom Wike regarding his selection as a running mate, stating that he does not respond to subordinates and noting that Wike never employed him.....KINDLY READ THE FULL STORY HERE▶
Additional context regarding the political exchange includes:
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Wike’s Remarks: During a media briefing, Wike alleged that Amaechi’s selection was financially motivated rather than strategic, questioning his electoral viability and political influence post-2011.
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Amaechi’s Response: Maintaining that he is currently focused on mourning, Amaechi indicated that he intends to respond more forcefully once his campaign activities officially begin.
During an interview on TVC News, former Lagos State Peoples Democratic Party (PDP) chairman Deji Doherty disputed claims that Chief Olabode George is a founding father of the party, asserting instead that George was introduced into the party’s leadership by former President Olusegun Obasanjo around 1999.....KINDLY READ THE FULL STORY HERE▶
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Criticism of Leadership: Doherty argued that Obasanjo’s decision to entrust the management of the Lagos State PDP chapter to George was a mistake and that the affairs of the state branch were poorly handled.
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Internal Party Crises: Displaying reconciliation documents during the broadcast, he noted that past efforts by respected party elders to resolve internal party disputes have failed to secure long-term peace.
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Call for Youth Empowerment: Doherty emphasized that the ongoing leadership struggles should pave the way for a younger generation to take charge of the nation’s political future, regardless of party affiliation.
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Parallel (Black) Market Rates: According to Bureau De Change (BDC) sources in Lagos for Tuesday, August 4, 2026, the parallel market traded the US Dollar at a buying rate of ₦1,410 and a selling rate of ₦1,425.....KINDLY READ THE FULL STORY HERE▶
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Official CBN Rates: Central Bank of Nigeria figures recorded rates ranging from a low of ₦1,361 to a high of ₦1,364.
Key Advisory Notes
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Regulatory Stance: The CBN does not officially recognize the parallel market and advises individuals engaging in foreign exchange transactions to utilize authorized banking channels.
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Price Variance: Actual market transaction rates may differ across various dealers and locations due to continuous market fluctuations.
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