Members of the public have been warned to be vigilant to avoid being victims of fraudsters who pose as forex operators to swindle innocent persons.
They were urged to report persons suspected to be involved in such fraudulent activities to the appropriate anti-graft agencies.
Commissioner of Police in-charge of Police Special Fraud Unit, Ibrahim Lamorde who gave the warning, expressed delight that the Unit had just recorded success in the prosecution of some fraudsters who defrauded a bureau-de-change operator of one million dollars sometime in twenty-fourteen.
Lamorde, a former Chairman of Economic and Financial Crimes commission said the police had been able to secure conviction and and order for restitution in the case after three years, saying the era whereby people who stole, arrested, investigated and were charged to court escape with their ill-gotten wealth was over as the principle of restitution had come to play
He spoke through the units spokesman, Deputy Superintendent of Police Audu Lawal.
