Operatives of the Ibadan Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) have seized large quantities of counterfeit foreign currency, amounting to $3,430,000 (Three Million, Four Hundred and Thirty Thousand US Dollars) and €280,000 (Two Hundred and Eighty Thousand Euros).
The fake notes were found in the possession of a five-member syndicate arrested for allegedly defrauding one Halima Sanni of ₦26,550,000 (Twenty-Six Million, Five Hundred and Fifty Thousand Naira).
The herbalists: Akingbola Omotayo, Adeola Funsho Ogunrinde, Yahaya Amodu, Kubratu Babalola Olaitan (female) and Familola Sunday Olaitan were arrested on December 7 and 8, 2025 at their shrines in Osun and Lagos States respectively, following surveillance and intelligence reports on their activities.
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Investigations revealed that the suspects allegedly targeted unsuspecting individuals, collecting money under the claim of offering spiritual cleansing and solutions to various ailments.
They also allegedly told victims they had the ability to produce large sums of money, which they said needed spiritual sacrifice and cleansing by a genie before it could be spent. Victims were reportedly hypnotised into providing funds for the supposed sacrifice.
Other items recovered include two exotic cars and mobile phones.
The suspects will be charged to court once investigations are concluded.