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Ondo police uncover suspected fake dollar factory, arrest one

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 Ondo fake dollar factory uncovered by police in Odigbo, with one suspect arrested and three bags of suspected counterfeit notes recovered

The Ondo State Police Command has uncovered a suspected counterfeit dollar production site in Odigbo Local Government Area, arresting one suspect and recovering three bags of suspected fake United States dollar notes.

Also read:Nigerian Army Trains, Graduates 384 Female Soldiers in Abuja

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The operation took place on October 29 at Kiniso Village, via Ajue, following a complaint by a businessman who allegedly received counterfeit dollars during a currency exchange transaction.

The Police Public Relations Officer, DSP Abayomi Jimoh, disclosed the development in a statement issued on Tuesday, November 3, 2026.

According to the statement, the complainant, identified as Yusuf Nasiru, reported to the police on October 28 that two men, Peter Desmond and Olami Toro, both residents of Ode-Irele, had approached him at his shop on October 25 to exchange US dollars for their naira equivalent.

Nasiru reportedly handed over $6,000, valued at approximately ₦8.6m, to the men. However, while waiting to receive the naira payment, the suspects allegedly returned the dollar notes, claiming they did not have enough money to complete the transaction, before leaving.

The complainant later discovered that the notes returned to him were counterfeit and reported the incident to the police.

“Upon receipt of the complaint, the operatives from Okitipupa Divisional Headquarters immediately commenced discreet investigative activities,” the statement said.

Jimoh explained that intelligence gathering and technical tracking led investigators to Desmond, who was traced to Kiniso Village.

Acting on information from community members, police operatives raided the suspected hideout on October 29. One suspect was arrested, while other occupants reportedly escaped through the perimeter fence.

A search of the premises led to the recovery of three bags containing suspected counterfeit US dollar notes and a small wooden box. The items were taken into police custody as exhibits.

The police spokesman said the arrested suspect had provided useful information to assist the investigation, which is continuing.

The Commissioner of Police in Ondo State, CP Felix Ohagwu, has directed officers to intensify efforts to identify and arrest other people allegedly connected to the operation.

The investigation is also expected to establish the scale of the suspected counterfeiting network and determine the roles of those involved.

The police cautioned residents against suspicious foreign currency transactions with unverified individuals, particularly deals offering unusually attractive exchange rates outside recognised and authorised channels.

Also read:Nigerian Army Trains, Graduates 384 Female Soldiers in Abuja

Members of the public were also advised to authenticate foreign currencies before accepting them in financial transactions and report suspicious activities to the nearest police station.

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FG Threatens Lagos Coastal Highway Shutdown Over Safety Breaches

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The Federal Government has threatened to shut down the Lagos Coastal Highway within two weeks if motorists and other road users fail to comply with safety regulations and other directives aimed at curbing dangerous activities along the route.

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The Federal Controller of Works in Lagos State, Olufemi Dare, issued the warning on Monday during an inspection of the Lagos section of the Lagos-Calabar Coastal Highway, citing persistent safety violations, vandalism and other illegal activities.

Dare said the directive followed concerns raised by the Minister of Works, David Umahi, with the ministry prepared to return and close the highway if there was no significant improvement within the two-week period.

The controller identified overspeeding as one of the major safety concerns, noting that some motorists were driving at speeds of up to 120km/h despite the 30km/h speed limit displayed along the highway.

He stressed that the road remained under construction, particularly around bridge sections, making strict adherence to the speed limit necessary to protect motorists, construction workers and other road users.

Dare also warned truck and articulated vehicle operators against parking on the highway, saying the practice was creating additional safety risks. Authorities are expected to tow vehicles found parked illegally along the route.

Illegal U-turns are also prohibited, while commercial motorcycles and tricycles have been banned from using the coastal highway. The government further announced measures against roadside trading, hawking, animal grazing and illegal settlements along the route.

The government’s concerns extend beyond traffic violations. Dare disclosed that about five kilometres of ClearVu fencing had been removed, while concrete drainage covers covering approximately 18 kilometres had reportedly been vandalised and taken away.

He said the authorities were considering replacing vulnerable sections of the fencing with concrete barriers and deploying CCTV cameras to strengthen surveillance along the highway.

To improve security, the government has also approved the recruitment of 40 coastal guards for the first section of the highway. The guards are expected to be drawn from communities along the route and work with the police to provide additional surveillance.

The Lagos section of the Lagos-Calabar Coastal Highway covers about 103 kilometres, divided into two sections of approximately 47 kilometres and 56 kilometres. Several major bridges remain under construction across the two sections.

Dare said the highway should ordinarily not have been opened to traffic before completion of the bridges, but its use has continued as an alternative route for motorists.

The government has therefore urged motorists, residents and other users of the highway to comply with the prescribed speed limit and other regulations, warning that enforcement would be intensified.

The proposed shutdown would affect the Lagos section of the coastal highway if the authorities determine that safety conditions have not improved within the stipulated two weeks.

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