The Oyo State Police Command has arrested a robbery suspect, one Felix Ademola.
Ademola, an ex-convict, who left prison a few months ago, was paraded along with other robbery suspects at the state command headquarters in Eleyele, Ibadan, Oyo State.
He was said to be robbing some residents of the state, together with his gang members, when he was arrested.
The suspect, who claimed to have conducted successful robbery operations in Lagos and Ogun states, said he was introduced to the production of fake money shortly after leaving the prison.
He said, “After I left prison, I began dealing in fake money. I bought the fakes from a man who printed them in the Abattoir area of Agege, Lagos State. For the N200,000 that I collected from him, I paid him N30,000. The fakes were in N1,000 denomination.
“The way I operate is that I will go out and buy items of about N200, pay with a fake N1,000. I will then be given a change of N800. I will do this to different traders until I spend all the fake money and gain about N170,000.”
Ademola said he led a gang of robbers to attack some residents in the Iyana Ipaja area of Lagos State, adding that he and his gang members shared N450,000 after the operation.