A Nigerian man was arrested on Friday with Sh86 million fake currency in Umoja estate Nairobi.

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Police got the information from members of the public and it is believed that the man is involved in money printing syndicate.

Earlier, police had raided a house of a businessman in Kabati area, Murang'a county and recovered over Sh5 million fake money.

The businessman identified as Evans Kajogi was also arrested.

Kajogi has been supplying the fake money to unsuspecting politicians.

Special Crimes Prevention Unit officer said they received information about the suspect's activities from members of the public.

Kajogi had tried to threaten the officers as they approached his compound before he was subdued.

"Such money is used for political campaigns in the country and affect the economy", an officer told the star.

Kajogi is expected to be in court on Friday morning.

In January, 2 foreigners linked to a transnational counterfeit hard currency ring were arrested.

IG Joseph Boinnet said Cameroonian Ousman Bako and Mohammed Sani alias Mustafa from Niger, had been fleecing people in and outside Kenya of colossal amounts of money.

"We believe these are the kingpins behind printing money in exchange of dollars which turn out to be fake," Boinnet said.

The IG said the arrest followed an intelligence report indicating several people had been conned of more than Sh40 million in exchange of foreign currency shipped from Syria.