The Oyo State Police Command has arrested six suspects linked to the possession, circulation and alleged production of counterfeit Euro currency, following a successful patrol operation by operatives of the Command.
Ayanlade Oluseyi Olayinka, Deputy Superintendent of Police and Police Public Relations Officer (PPRO), Oyo State Police Command, in statement, said on the 1st September 2026, at about 7:30 p.m., operatives on township patrol around the Labo–Wesley area intercepted three men travelling on a motorcycle.
He stated that a search conducted on them led to the recovery of 89 pieces of suspected counterfeit €100 notes, with a total face value of €8,900.
The suspects were identified as Tijani Saheed, 50, who was found in possession of the suspected counterfeit currency; Oni Oladapo, 67, who is alleged to have supplied the money; Adebayo Saheed, 52, who was the second passenger on the motorcycle; and Hammed Karemu, 25, the motorcycle rider. The circumstances surrounding the involvement of each suspect are being subjected to further investigation.
During investigation, the suspects confessed to the commission of the crime and led operatives to the location where the suspected counterfeit currency was allegedly purchased. A forensic sweep of the premises resulted in the recovery of exhibits suspected to have been used in the production of the counterfeit notes and the arrest of the alleged producer, bringing the total number of suspects arrested in connection with the case to six.
All six suspects are currently in police custody and are cooperating with the investigation. Upon conclusion of the investigation, the suspects will be charged to court for prosecution in accordance with the law.
Abimbola Ayodeji Olugbenga, the Commissioner of Police, Oyo State Command, commended the operatives for their vigilance and professionalism.
He assured members of the public that the Command remains resolute in its efforts to disrupt criminal networks and protect residents and legitimate businesses from economic and financial crimes.
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