NISA seizes counterfeit dollars and arrests kingpins

Somalia’s National Intelligence and Security Agency (NISA) forces have impounded thousands of fake dollars and arrested several suspects in Somalia’s capital, Mogadishu.

The detectives arrested the kingpins in  a covert operation launched in Waberi district following tips off from locals, SONNA agency.

Printing machines as well as other equipment used in the production of the counterfeit currency and dollars in denominations of 100 were reportedly confiscated.

The profits from currency counterfeiting are typically divided between the two separate parts of the operation, namely the clandestine labs which print the product and the networks that then distributes the fake bills inside the country.

Somalia has been among the countries leading the production of counterfeit dollars since 1990 when Somali’s central government was overthrown.