Police Boss Warns FOREX Dealers Over Fake Currency

The warning was given by the Lagos Commissioner of Police, Mr Fatai Owoseni, through the Area Commander, Zone D Mushin, ACP Akinbayo Olasoji during the stakeholder meeting held in Isolo, Lagos.

The police also threatened to deal with any operator, decisively who tried and cheated or defraud any customer in the process of such transaction.

P.M.EXPRESS gathered that since the scarcity of foreign currencies, the operators have devised various criminal ways such as given patrons fake naira notes or foreign currencies.

Olasoji said there are several complains from the public that the dealers now shortchange their customers by given them fake currencies in exchange of the genuine money.

The Police boss also admonished motorcycle operators to comply with the Lagos State traffic laws.

He said the days of operators operating illegally are numbered and warned the stake-holders not to come to beg if any of the operators is arrested.

Olasoji said the essence of the meeting which comprises the traditional rulers, leaders of various ethnic groups, women, youths, companies and artisans, was to partner with the stakeholders and for the police to serve them better.

He promised that the police will improve more on the areas the community pointed out in term of security while seeking their cooperation to perform more better in future.

Reacting, some of the stockholders commended the police for organizing such event.

They promised to provide the necessary assistance and work closely with the police.

However, some of them expressed their reservation over the attitude of the police where the public will provide information and they will ended up revealing the source of the information to the person reported.

Olasoji then assured that such scenario will never happen again as the police have gone through a lot of reforms.

He however said the information must be credible otherwise the informant will be prosecuted for false information.