Read How Man Exchanged N1.7m With Fake Dollars

A bureau de change operator, Usman Nafada, has been arrested by the police for allegedly conniving with an accomplice at large to swindle one Abdullahi Uba out of N1.7m.

The victim had approached Nafada on November 16, 2016, at the Obalende area of Lagos State to help him change the sum to dollars.

Nafada was said to have told Uba that he did not have hard currency for the exchange. He, however, reportedly collected the money from Uba and took it to his “partner.”

Punch correspondent gathered that after a few minutes, the suspect returned with 45 notes of $100, which he gave Uba.

It was gathered that after Uba discovered that the dollars were fake, he reported the alleged fraud at the Lion Building Police Division, and Nafada was arrested.

“About 30 minutes after, the complainant discovered that the notes were fakes. He ran back to Nafada, but he denied knowing about the fraud. He took the victim to where he changed the money, but his accomplice had disappeared. Effort is ongoing to apprehend him,” a police source told PUNCH Metro.

A police prosecutor, Francisca Job, arraigned Nafada in an Igbosere Magistrate’s Court on Monday on three counts bordering on stealing.

Job told the court that the offence was punishable under sections 409, 312 (1) and 278 of the Criminal Law of Lagos State, 2011.


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  • Kenny D Osonwa

    Awwwwh, sorry for the victim..

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  • chika bibian

    Too bad…

  • Cornel Nwankwo

    This is much money ooooooo
    Life hard anyway

  • loveth ezenwa

    Ehhhhh….. 1.7milla…..I go just mad….ehnnn ifah hear….for this recession…

  • Hmmm derisGodooooo

  • emekachilaka

    abeg let nafada provide the money

  • Olovo Obinna

    That’s rather bad…..lets hope the arrest the othe guy soon to hear his own side of the magana

  • kayode akinsanya

    Na so Dem dey do, even Dem full airport useless people

  • WillieBravo

    Hmmmm! 1.7meter e go vomit that money o.