According to the Economic and Financial Crimes Commission (EFCC), the currencies were recovered from a five-member syndicate allegedly involved in defrauding one Halima Sanni of ₦26,550,000 (Twenty-Six Million, Five Hundred and Fifty Thousand Naira).
Operatives of the Ibadan Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) have seized large quantities of counterfeit foreign currency, including $3,430,000 (Three Million, Four Hundred and Thirty Thousand US Dollars) and €280,000 (Two Hundred and Eighty Thousand Euros).
According to the Economic and Financial Crimes Commission (EFCC), the currencies were recovered from a five-member syndicate allegedly involved in defrauding one Halima Sanni of ₦26,550,000 (Twenty-Six Million, Five Hundred and Fifty Thousand Naira).
The anti-graft agency identified the herbalists as Akingbola Omotayo, Adeola Funsho Ogunrinde, Yahaya Amodu, Kubratu Babalola Olaitan (female), and Familola Sunday Olaitan.
They were arrested on December 7 and 8, 2025, at their shrines in Osun and Lagos states, following extensive surveillance and intelligence-gathering on their alleged fraudulent activities.
“Investigation revealed that the suspects were allegedly defrauding unsuspecting individuals of their legitimate earnings under the pretence of providing spiritual cleansing and solutions to different ailments,” a statement issued by the agency on Wednesday said.
“They also allegedly assured their victims of their powers to conjure several currency notes which must be cleaned up by a genie through spiritual sacrifice before spending the money. They did all these by hypnotizing their victims to provide money for the sacrifice.”
Items recovered from the suspects include the fake foreign currencies, two exotic cars and several mobile phones.
The anti-graft agency said the suspects would be charged in court upon the conclusion of investigations.