Nigeria, Dec. 18 -- The Economic and Financial Crimes Commission (EFCC) has arrested five suspected herbalists for allegedly possessing counterfeit foreign currencies valued at $3.43 million and €280,000 in Osun and Lagos states.

In a statement signed by its Head of Media and Publicity, Dele Oyewale, on Wednesday, the EFCC said the arrests were carried out on 7 and 8 December at the suspects' shrines following actionable intelligence and sustained surveillance.

Those arrested, according to the commission, are Akingbola Omotayo, Adeola Ogunrinde, Yahaya Amodu, Kubratu Olaitan, and Familola Olaitan.

The anti-graft agency said the suspects allegedly defrauded a victim, Halima Sanni, of N26.55 million under the pretext of providing s...