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Find all the economic and financial information on our Orishas Direct application to download on Play StoreThe National Drug Enforcement Agency (NDLEA) announced on Sunday that Nigeria's anti-drug police have dismantled a counterfeit money smuggling operation. More than $4.7 million in counterfeit currency was seized as a result of this operation.
According to the agency's spokesman, Femi Babafemi, the seizure was made on the basis of information received by the NDLEA about the transfer of counterfeit money. The intercepted money was seized in the early hours of Friday as it moved between Lagos, Nigeria's main economic hub, and Abuja. The NDLEA ordered that the money and the suspect be transferred to an anti-corruption agency for further investigation.
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