The National Drug Law Enforcement Agency, NDLEA, has uncovered a fake dollar cartel in Lagos.
Media Director, Femi Babafemi announced the bust in a statement on Saturday.
The joint operation involved operatives of the Economic and Financial Crimes Commission, EFCC.
Babafemi said the agency worked on intelligence received from the Drug Enforcement Administration (DEA) in the United States.
The federal law enforcement agency under the Department of Justice (DoJ) is tasked with combating drug trafficking and distribution.
NDLEA said the Lagos cartel had been involved in the trafficking of fake American currency, with its base in the commercial city.
“A total of $269,000 counterfeit US dollars were recovered from the syndicate at Oniru Shoprite area of Lekki, Lagos, where three suspects were arrested”, Babafemi confirmed.
NDLEA Chairman, Buba Marwa has directed that the fake dollars and suspects be transferred to the EFCC for prosecution.