DCI recovers over Sh2.7 million in Fake Currency

Old Sh1000 notes. DCI on Friday said it nabbed a man in Embu with over Sh2.7 million fake old Sh1000 notes

The Directorate of Criminal Investigations (DCI) on Friday seized over Sh2.7 million in fake currency from a man in Ngurubani, Mwea East.

“Over Sh2.7M in fake Currency were today seized in Ngurubani, Mwea East from a bonnet of a Mazda Demio driven by the suspect Job Arwa Omondi” the DCI stated in a Facebook post.

DCI added that it also confiscated assorted bottles of Chemicals believed to be used in processing the fake Old Sh1000 notes from the 33-year-old man.

The suspect, who was also found with a roll of Bhang will be arraigned on Monday. All exhibits secured.

Meanwhile, Kenyans have only three weeks to exchange the old Sh1,000 notes to with the new ones.

During the launch of on June 1, CBK Governor Patrick Njoroge said the Sh1,000 old notes will no longer be in circulation starting October 1, 2019.

According to the latest CBK data, Kenyans have since returned Ksh25 billion in circulation following the order.

Dr. Njoroge, in earlier media addresses, assured Kenyans that the deadline would not be extended.

“Those notes will be mere papers come October 1. We have enough new notes in circulation, people should follow the necessary procedure and exchange at nearest banks or CBK,” Njoroge told a local radio station last month.

All other denominations are will continue to circulate alongside the new generation currency.







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