Nigeria Police Raid Counterfeit Dollar Factory in Ondo

The Ondo State Command of the Nigeria Police Force uncovered a suspected counterfeit dollar production site in Kiniso Village, Odigbo Local Government Area, following a report by Yusuf Nasiru, who lost $6,000 in a fraudulent currency exchange on October 25. Nasiru reported that two men, Peter Desmond and Olami Toro, deceived him during a dollar-to-naira transaction, returning counterfeit notes instead of the naira equivalent.

After reporting the incident on October 28, police operatives from the Okitipupa Divisional Police Headquarters initiated an investigation, leading to the identification of Desmond's location. Acting on community intelligence, police raided the suspected hideout on October 29, arresting one suspect while others escaped.

During the operation, three bags of suspected fake US dollar notes and a small wooden box were recovered as evidence. The arrested suspect provided useful information to assist the ongoing investigation.