West Africans arrested over fake currency cartel denied bail
Two west Africans arrested on suspicion of leading a transnational fake currency ring were on Wednesday denied bail by a Nairobi court.
Nairobi Milimani Chief Magistrate Daniel Ogembo denied the two foreigners bail and argued that prosecution had proven that the charges are serious and the two are a threat to the country’s economic security.
Mr Ousman Ibrahim Bako, a Cameroonian, and Mr Mohammed Sani alias Dr Mustafa from Niger, were arrested on January 18, 2016 following reports that they were involved in a multi-billion shilling racket.
Detectives from the Directorate of Criminal Investigations headquarters in Nairobi arrested one suspect in Kilimani, while his alleged accomplice was arrested at Diamond Park Estate, off Mombasa Road.
The two were found with money printing machines, cutters, scanners, five safes, two computers, chemicals, masks and foil paper.
They will now remain in custody until the case is heard and determined.
