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Herbalists arrested with $3.4m, €280,000 counterfeit notes

Femi Adewale by Femi Adewale
December 18, 2025
in News
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The Economic and Financial Crimes Commission (EFCC) has arrested a five-man syndicate allegedly in possession of counterfeit foreign notes comprising $3,430,000 and €280,000 in Osun and Lagos states.
Its spokesperson, Dele Oyewale, said this in a statement on Wednesday in Abuja.
Oyewale said that the suspects, who were also herbalists, allegedly swindled one Halima Sanni of N26,550,000.
He said that they were arrested at their shrines on December 7 in Osun and December 8, in Lagos, following a thorough surveillance and intelligence on their fraudulent activities.
Oyewale said the suspects defrauded unsuspecting individuals of their legitimate earnings under the pretence of providing spiritual cleansing and solutions to different ailments.
”They also allegedly assured their victims of powers to conjure several currency notes which must be cleaned up by a genie through spiritual sacrifice before spending the money.
”They did all these by hypnotising their victims to provide money for the sacrifice.
”Other items recovered from them include two exotic cars and mobile phones,” he said.
Oyewale said the suspects would be charged to court as soon as investigations were concluded.

Tags: Herbalists arrested with $3.4m €280000 counterfeit notes
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© 2026 Published by SWAAYA LIMITED, Plot 20, Block G, Scheme 1, Residential 3, OPIC Beachland Estate, Lagos/Ibadan Expressway, Lagos. Gabriel Akinadewo, MD/CEO 08023010222, 08094000056, 08052097814.