Seven men and one woman who allegedly printed fake N98 million notes and US$1.487,700, have been remanded by Gwagwalada Chief Magistrates’ Court.
The accused Musa Mayo, Bala Jatau, Ibrahim Dangana, Luka Daniel, Nnemeka Ude, Asebe Zainab, Sani Muhammed and Abdulkarim Ahmed pleaded not guilty to a two-count charge bordering on forgery by the State Security Service (SSS).
Aliyu Shafa, the Chief Magistrate, ordered the defence counsel to make a formal bail application for their clients following the oral bail application they made.
Shafa rejected the oral bail application because of the gravity of the offence.
He, however, adjourned the matter until Sept. 13, to move the application for motion on bail.
Earlier, the prosecution counsel, Victor Ejelonu, told the court that the defendants and others now at large, sometimes between January and July, conspired amongst themselves to defraud members of the public.
Ejelonu said that they printed fake naira notes amounting to N98 million and fake dollar notes amounting to US$1,487,700.
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He said that the defendants had the intention of using the forged notes as genuine instrument to fraudulently defraud members of the Nigerian public.
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