EFCC Arrests Herbalists With $3.4million, €280, 000 Counterfeit Notes In Osun And Lagos

Operatives of the Ibadan Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, have uncovered huge counterfeit foreign notes to the tune of $3, 430, 000 (Three Million, Four Hundred and Thirty Thousand United States Dollars) and €280, 000 (Two Hundred and Eighty Thousand Euros) in possession of a five-member syndicate arrested for allegedly swindling one Halima Sanni the sum of  N26, 550, 000 (Twenty-Six Million, Five Hundred and Fifty Thousand Naira).

The herbalists identified as 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 a thorough surveillance and intelligence on their fraudulent activities

A statement from the agency says 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.

EFCC investigations also indicate that they 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.

Other items recovered  from them include two exotic cars and mobile phones.

EFCC says the suspects will be charged to court as soon as investigations are concluded.