EFCC Arrests Herbalists In Possession Of Over $3.4M, €280,000 Fake Notes
Written by News Desk on December 17, 2025
Economic and Financial Crimes Commission, EFCC, Ibadan Zonal Directorate, has uncovered huge counterfeit foreign currency 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 suspects who are reported to be herbalists are Akingbola Omotayo, Adeola Funsho Ogunrinde, Yahaya Amodu, Kubratu Babalola Olaitan (female) and Familola Sunday Olaitan and were arrested on 7th and 8th of this Month at their shrines in Osun and Lagos States respectively, following a thorough surveillance and intelligence on their fraudulent activities.
According to the Statement issued by the Head, Media and Publicity of EFCC, Mr Dele Oyewale, the suspects were allegedly defrauding unsuspecting 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.
The Statement notes that the suspects did all they did by hypnotizing their victims to provide money for the sacrifice.
Other items recovered from them include two exotic cars and mobile phones.
Mr Oyewale in the Statement added that the suspects would be charged to court as soon as investigations are concluded.
