LRA, Joint Security Seize Fake L$200,000 at Bo Waterside

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The Liberia Revenue Authority (LRA) in collaboration with the joint security assigned at Bo-Waterside, in Grand Cape Mount County, has seized $200,000 counterfeit Liberian banknotes from a Nigerian national.

The joint security force arrested Oyenka F. Nnameni on Wednesday morning (July 27) while en route from Sierra Leone to Liberia with the L$$200,000 in 100 banknotes denomination. Customs officials at the border discovered the counterfeit money tucked in a large television sealed in a carton. Nnameni has been turned over to the Liberia National Police in Monrovia for further investigation.

The 34-year-old Nigerian, originating from Enugu State, told a Joint Security investigation at the border that he resides on the Old Road in Monrovia, where he is a businessman and mechanic by profession.

Nnameni said the counterfeit dollars were sent to him from Nigeria by a friend he identified only as Amadi, who he claimed is based in Lagos.

“I collected the money from someone in Sierra Leone,” Nnameni said.

“The suspect intentionally unlawfully went to receive the said amount in Freetown, Sierra Leone, with the intention to bring it into Liberia to have it changed on the Liberian market,” according to a joint security report.

The arrest of Nnameni comes in the wake of the Central Bank of Liberia announcement that it is printing new banknotes with enhanced security features to prevent the currency against fraud and counterfeiting. Central Bank said the exercise is in keeping with its statutory mandate to ensure the integrity of the Liberian Dollar (LRD) is maintained.

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