The operatives recovered several forged CAC documents, a Toyota Sienna and a Toyota Matrix used as makeshift offices for their nefarious transactions.
The Lagos State Command of the Nigeria Police Force says it has uncovered a fake Corporate Affairs Commission (CAC) centre on Jobi Fele Way, Alausa Business District, Alausa, Ikeja.
A statement on Thursday, by the Command's spokesman, SP Benjamin Hundeyin, said five suspects were arrested.
Hundeyin said the syndicate behind the centre had swindled hundreds of people through fake CAC registrations.
He said that the centre was uncovered by operatives of the Rapid Response Squad (RRS) of the Command following a tip-off, painstaking background check and verification.
The statement partly read, "Five suspects manning the center were equally arrested for forgery and impersonating CAC officials.
"Those arrested include Gloria Ukaegbu aged 28, Omolere Kayode aged 30, Taiwo Ajayii aged 34, Nwachukwu Brenda aged 27 and Oluwatomisin Adebisi aged 25.
"Led by the Commander RRS, CSP Olayinka Egbeyemi, the operatives recovered several forged CAC documents, a Toyota Sienna and a Toyota Matrix used as makeshift offices for their nefarious transactions.
"Preliminary investigation reveal that the syndicate has swindled over hundreds of people through fake CAC registrations."
The PPRO stated that the Commissioner of Police, CP Abiodun Alabi, had directed that the case be transferred to the
State Criminal Investigations Department, Panti for further investigations and eventual prosecution.