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Is Nairobi becoming hub for fake foreign cash printing firms?
Fake foreign cash totalling Sh1 billion that was recovered at Sandalwood Apartments in Westlands, Nairobi, on October 1, 2018. Fake currency dealers are becoming bolder by the day. FILE PHOTO | NMG
The large sums of fake foreign currency seized by the police in recent months have raised concerns on whether Nairobi could be turning into a base for transnational fake cash cartels.
The February 27 discovery of a cache of largely fake foreign cash amounting to Sh32 billion in a residential house in Ruiru town, 26km north-east of Nairobi, followed a series of similar cases in the past few years.