N13.65bn Fake Currencies Intercepted By NIPOST This Year

The Nigerian Postal Service, NIPOST, says it has intercepted fake financial instruments worth N13.65bn in the first nine months of the year.

Postmaster General of the Federation, Mallam Ibrahim Baba, said on Thursday in Abuja that as a result of physical inspection of document/postal packets being transmitted through NIPOST, 159 scam letters containing counterfeit financial instruments and other prohibited items have been intercepted. He was briefing newsmen on activities of the NIPOST in a ceremony to mark the 2014 World Post Day.

Of the counterfeit financial instruments intercepted by NIPOST, the institution said 17 mails worth N149,891,400 were intercepted in January; 66 worth N8,439,690 in February; 18 worth N159,654,963 in March; and 26 worth N118,329,017.36 in May.

Others include 32 mails worth N11,481,408,130.40 in June; four worth N672,632,019 in July; four worth N229,240,200.16 in August; and two worth N757,525,422.16 in the month of September.

According to the NIPOST boss, the major destinations of the counterfeit mails were Britain and the United States. He explained that the two countries had been extending assistance to the postal organization to control the transmission of counterfeit mails.

Tags from the story
dollar, Fake Currencies, naira, nigeria, NIPOST

1 Comment

  • This is the worst of all decision ewer to ne made in recent time. What justification have FG to embark on this wastage? What have we benefited from past big-brotherliness in sA,Liberia,ivory coast,serialeone, ghana etc other than killing and taken over of businesses of our citizens? People are dieing for want of what to eat yet somebody is there taking this form of decision. Am disappointed. To say the least.

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