EFCC Arrests ‘Herbalists’ With $3.4m, €280,000 Counterfeit Notes  •

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).

In a release signed by the Head of Media and Publicity,  EFCC, Dele Oyewale, the herbalists 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.

Investigation revealed that the suspects were allegedly defrauding individuals of their legitimate earnings under the pretence of providing spiritual cleansing and solutions to different ailments.

They also 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.

Oyewole added that the suspects will be charged to court as soon as investigations are concluded on the matter.