A Sexagenarian, identified as Femi Faweya, was Tuesday paraded by the Oyo State Police Command for allegedly printing fake Nigerian currency.

The 68-year-old man who was arrested along with his 42-year-old accomplice, Segun Fayose, confessed to the crime, saying they obtained a currency printing machine with which they have duped many people.

Speaking before newsmen at the state Police Command Headquarters, Eleyele, Ibadan, Faweya, who claimed to be a former Grade 2 teacher, said he ventured into printing fake currency because he lost N200,000 to fraudsters. “I have been printing N500 and N1, 000 notes with the machine for a while now, in order to recoup the money I lost to fraudsters years ago. I also need money to take care of my three children who are in the university.”

 Faweya continues: “I live at Ijokodo in Ibadan here. I used to photocopy the materials with a photocopy machine.”

“I was introduced into the business three years ago by Bayo but he is late now. He was the fraudster that  duped me of N200, 000.

“About two months ago, someone gave me a printer for the business,” Faweya added.

The Commissioner of Police, Mr. Sam Adegbuyi, who paraded the suspects said that the state police command is working hard to apprehend the likes of Faweya who do these kind of dishonest businesses. reiterating the commitment of the state police command to ensuring that there would be no resting place for criminals in Oyo state.


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