The Police Command in Nasarawa State says it has arrested a seven-member syndicate in Lafia with N7.8million and 110,000 dollars counterfeit currencies, News Agency Of Nigeria (NAN) reports.

Mr Bola Longe, Commissioner of Police in the state, paraded the suspects on Friday at the Police Command Headquarters in Lafia, alongside 61 others for various criminal offences.

Longe said that two of the  suspects were arrested on June 4, when they attempted to pay some money into an account using Point of Sale (POS) located around the College of Agriculture in Lafia.

According to the Police Commissioner, a student of the Nasarawa State University, Keffi, and one other, went to deposit N50,000 at the POS when the agent discovered some of the notes to be fake.

He said that the suspect insisted that she must accept the money which resulted in an altercation and she had to seek police intervention.

“Upon receipt of the Information, police personnel attached to Area Command, Lafia moved immediately to the scene and got the suspect arrested,” he said.

Longe said further investigation led to the arrest of five more suspects and N7.8 million counterfeit currency in 1,000 denomination, and 110,000 dollars counterfeit notes in 100 dollars bills were recovered as exhibits.

He said that the counterfeit currencies recovered had been taken to the Central Bank of Nigeria (CBN) as investigation continued on the matter.