2019 elections: EFCC chairman Magu warns of fake dollars in circulation

2019 elections: EFCC chairman Magu warns of fake dollars in circulation

- EFCC's acting chairman Ibrahim Magu has issued raised the alarm over circulation of fake dollar notes

- Magu said in a statement released on Thursday, February by spokesman Orilade that the fake notes look so genuine they can deceive almost anyone

- The anti-corruption agency says the fakes are around due to the 2019 elections and warns bureau de change operators to be extra careful

Bureau de change operators and Nigerians in general have been alerted to the presence of fake foreign currency notes in circulation in the country.

The alert was issued by the EFCC in a brief statement released by its acting spokesperson Tony Orilade on Thursday, February 21.

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According to the statement, the fake notes look very genuine in appearance but are really well done copies of the foreign currencies, especially US dollars.

In the press release personally signed by the acting chairman of the Commission, Ibrahim Magu, the anti-graft commission stated that the warning follows intelligence gathered in the build up to the 2019 general elections.

The statement posted by PR Nigeria read: "The Economic and Financial Crimes Commission (EFCC) has raised the alarm over the circulation of fake dollar notes ahead of Saturday’s Presidential and National Assembly elections."

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It added: "The intelligence indicates that the Dollar notes have features of genuineness, but forensic analysis by the Commission reveals otherwise.

"We, therefore, warn the BDC operators to be cautious in their transactions from now till the end of the elections."

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Legit.ng had reported earlier that President Muhammadu Buhari on Wednesday, February 20, expressed surprise at the huge amount of foreign currency flooding the country, intended to influence the forthcoming general elections.

In a statement by the presidential spokesman, Garba Shehu, President Buhari accused some politicians of flouting money laundering regulations in their desperate bid to capture political power.

The president who made the accusation during the Federal Executive Council, meeting, however, commended the Economic and Financial Crimes Commission (EFCC) for successfully tracking the money in “millions of United States dollars.”

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Source: Legit

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