Emmanuel Ndayisaba, 39, was at the time of his arrest found in possession of Rwf125,000, all fake.
The Police spokesperson for the Eastern region, Chief Inspector of Police (CIP) Hamdun Twizeyimana said that the arrest of Ndayisaba after the would-be victim, a local trader, called the Police.
"Ndayisaba had gone to buy goods at a shop located in Majanja Village, he paid a fake note of Rwf5,000 but the trader noticed it," CIP Twizeyimana said.
He added: "The trader immediately called local security personnel and residents, who were nearby, apprehended and searched him; they found on him other 24 counterfeit notes in the denominations of Rwf5,000. They called and handed him to Police with the exhibits."
Ndayisaba has since been handed over to RIB in Rilima.
CIP Twizeyimana thanked the trader for the vigilance and the local residents for the community spirit to facilitate the arrest of the suspect.
He appealed to the business community to always be vigilant against such individuals dealing in counterfeit currency.
Article 269 of the law relating to offences and penalties in general, states that “Any person who, fraudulently counterfeits, falsifies or alters coins or bank notes, which are legal tender in Rwanda or abroad, notes issued by the Treasury with its stamp or brand, either banknotes or alike that have legal tender in Rwanda or abroad, or one who introduces or issues in Rwanda such effects or notes with knowledge that they are forged or falsified, commits an offence.
Upon conviction, he/she is liable to imprisonment for a term of not less than five (5) years and not more than seven (7) years.