Ondo Police Arrest Suspect in Counterfeit Dollar Case

The Ondo State Police uncovered a counterfeit dollar factory following a complaint from Yusuf Nasiru, a resident of Sabo, Okitipupa, who reported being defrauded of $6,000 in a foreign exchange transaction. The incident occurred on October 25, 2026, when Nasiru was approached by two men, Peter Desmond and Olami Toro, both residents of Ode-Irele, to exchange dollars for naira.

After handing over $6,000, Nasiru received counterfeit notes in return. He reported the incident to the police on October 28.

The Okitipupa Divisional Police Headquarters launched an investigation, leading to the arrest of one suspect on October 29 at a hideout in Kiniso Village, Odigbo. During the operation, three bags of suspected counterfeit dollar notes were recovered.

The arrested suspect has provided information to assist ongoing investigations, as directed by the Commissioner of Police, Ondo State Command, CP Felix Ohagwu.