Latest News as Grandfather Who Produces Fake Dollars Busted by Police

Nwogu with fake dollars (Photo: Olaleye Aluko)

 

Latest news on air reveal that 60-year-old man identified as Hycinth Nwogu, who allegedly produces fake dollars and use it to defraud some residents of the Ogba area in Lagos State, has been busted by the operatives of Nigerian Police in the nation's commercial city.

 

Report gathered while speaking to a correspondent, the father of five children and grandfather of three, who used a rented apartment on Abimbola Street, College Road, Ogba, for illegal production of the dollars, confessed that he ventured into the 'washing of fake dollars' to make ends meet.

 

Base on facts gathered, Nwogu, who hails from the Umuahia-South Local Government Area of Abia State, would ask his victims to buy some goods from overseas, and thereafter offered to get dollars for them to pay for the goods. The suspect allegedly gave his victims the fake dollars.

 

It is recalled that the grandpa said he began the business four years ago and admitted that he defrauded a lady identified as Hellen Olajide, of about N1.95m, who later reported the matter at the Area G Command, Ogba, and Nwogu was thereafter arrested.

 

Nwogu also admitted that he defraudthe lady of N1m, adding that he had refunded N400,000. “I used a room in my house to wash the dollars. My wife and children were not aware until the police arrested me.

 

“My clients did not suspect anything. I started currency production about four years ago. I have been arrested by the police on two occasions. This is the third time. I learnt how to produce the money in the Iyana Ipaja area.

“It was in August that I met Hellen (Olajide). When she found out that I had defrauded her of over N1m, she threatened to call the police, but I assured her that I would refund the money. She later called the police to arrest me.

“I want the government to forgive me. I collected N10,000 from my first victim, N30,000 from my second victim and N50,000 from another. I have three persons working with me; I used the money to solve my family problems,” Nwogu said

 

The victim, Olajide, said she paid the money in three instalments after Nwogu and his accomplices had hypnotised her to pay for the goods.

 

She said, “I was returning from work on that day, when three men accosted me and said I should follow them to a place to transact business. They said they were into importation and exportation of goods such as computer sets and Brazilian hair.

“I am sure they used some charms because it was after paying money the third time into a bank account I was given that my senses came back.

“It was after a month that I cried to the police for help. I want the syndicate to return my money, which is N1,992,000.”