It is a crime to knowingly possess or use a counterfeit banknote and or fail to report a fake note.
Ifeanyi allegedly boarded a taxi and gave fake N1,000 to the taxi driver, who gave him N700 change.
Nwakuna was arrested by the DSS as he attempted to buy some items with some of the currency notes.
Otuedon was arrested by the EFCC for allegedly duping unsuspecting victims with counterfeit currency.