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Operatives of the Ondo State Police Command have raided a suspected fake dollar production site in Kiniso Village, via Ajue, in Odigbo Local Government Area of the state, recovering three bags of suspected counterfeit United States dollar notes.
What triggered the raid?
The command said the operation followed a complaint lodged on October 28, 2026, by one Yusuf Nasiru of Sabo, Okitipupa. According to Punch, the complainant told the police that two men, Peter Desmond and Olami Toro, both residents of Ode-Irele, swapped his 6,000 dollars, valued at about 8.6 million naira, for fake notes on October 25, 2026.
How did the police trace the suspects?
Acting on the complaint, detectives combined intelligence gathering with technical tracking, which traced one of the suspects, Peter Desmond, to Kiniso Village via Ajue. The raid on the hideout was carried out on October 29, 2026, by operatives from the Okitipupa Division of the command.
What did operatives recover?
During the operation, one suspect was arrested while others, who reportedly took to their heels and escaped through the perimeter fence of the compound, are still at large. The police recovered three bags containing suspected fake United States dollar notes and a small wooden box at the scene.
What has the police said?
DSP Abayomi Jimoh, spokesperson for the Ondo State Police Command, confirmed the operation and the recovery. He said the arrested suspect is in custody and cooperating with investigators, while efforts are on to apprehend the fleeing members of the syndicate. The command described the discovery as part of its resolve to rid the state of economic saboteurs and fraudsters.
What warning does this carry for the public?
The command advised residents to be vigilant when transacting in foreign currency and to insist on verification through authorised channels such as banks and licensed bureaux de change. Fake dollar syndicates typically target people selling property, vehicles or running cross-border trade, offering notes that pass a casual glance but fail inspection. The scale of recovery in this case, three bags of notes from a single village hideout, suggests an operation designed to serve more than one victim.
Frequently Asked Questions
Where was the fake dollar factory found?
In Kiniso Village, via Ajue, in Odigbo Local Government Area of Ondo State, in a raid carried out on October 29, 2026.
How much did the victim lose?
Yusuf Nasiru of Sabo, Okitipupa, said Peter Desmond and Olami Toro swapped his 6,000 dollars, about 8.6 million naira, for fake notes.
What was recovered?
Three bags of suspected counterfeit US dollar notes and a small wooden box; one suspect was arrested while others fled.
Sources: Punch (Saheed Oyelakin), PM News (Michael Adesina), Telegraph (Ngozika Onah), Daily Post Nigeria.
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