Police in Nairobi have arrested two people in possession of fake foreign currencies worth more than ksh100 billion.
The two suspects Ibrahim Bako, a Cameroonian and Mohamed Sani alias Dr Mustafa, a Niger were arrested over the weekend at Diamond Estate along Mombasa Road while in possession of fake US$ 693 million ( ksh 60 billion)and Euro 369.6 million (ksh 40 billion).
Inspector General of Police Joseph Boinnet confirmed on Monday that police acted on a tip off from the public after a Kenyan was conned ksh 40million in exchange for Euro.
Boinnet said the two suspects are believed to be masterminds in a transnational counterfeit hard currency ring aimed at fleecing unsuspected people colossal sum of money both locally and Internationally.
The IG added that in the past they had received complaints from Comoros government informing them of foreign individuals staying in Kenya and are involved in manufacturing of fake currencies and circulating in the economy. “We however warn foreigners who are abusing our hospitality to engage in criminal activities “
The police also found in their possession a money printing machine ,money cutters , scanners , five safes, two computers , masks and foil paper.