Man caught in possession of fake $400,000 in Nasarawa
Following an intelligence report on the activities of a syndicate of fraudsters duping unsuspecting victims in the Masaka, Karu Local Government Area of Nasarawa State, one Samson Otuedon has been arrested.
Otuedon was on Monday, arraigned before the Federal High Court sitting in Lafia over alleged possession of $400,000 fake currency.
The Economic and Financial Crimes Commission, EFCC docked Otuedon on one count charge of currency counterfeiting.
The one count charge reads: “That you, Samson Otuedon, on or about the 7th day of April, 2018 at Riverside Masaka, Nasarawa State within the jurisdiction of this Honourable Court had in your possession 4,921 pieces of US $100 denominated bills totaling $492,100 knowing them to be counterfeits.”
Otuedon, however, pleaded not guilty to the charge.
In view of his plea, Elizabeth Alabi, counsel to the EFCC, asked the court to fix a date for hearing and for the remand of the defendant in prison custody pending trial.
Justice Mallong adjourned to May 14, 2018 for hearing on the bail application and ordered that the defendant be remanded in Lafia Prison.
