The Economic and Financial Crimes Commission, EFCC, has commenced an investigation into a suspect, Usaini Ibrahim, arrested in Kano with counterfeit United States of America currency worth $212,200….
By Boluwatife Kehinde-Idowu
The Economic and Financial Crimes Commission, EFCC, has commenced an investigation into a suspect, Usaini Ibrahim, arrested in Kano with counterfeit United States of America currency worth $212,200.
EFCC, on its official Instagram handle late Thursday, revealed that Ibrahim was arrested on September 3, 2026, by operatives of the National Drug Law Enforcement Agency, NDLEA, along Maiduguri Road in Kano, following the discovery of the counterfeit currency.
The NDLEA subsequently handed over the suspect and the counterfeit currency to the EFCC for further investigation and possible prosecution.
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The formal handover took place at the Kano Zonal Directorate of the EFCC, where the Acting Zonal Director, Assistant Commander of the EFCC, ACE1 Friday S. Ebelo, received the suspect and the exhibits.
A representative of the NDLEA, Deputy Superintendent of Narcotics Yahaya Labaran, expressed appreciation for the continued strategic collaboration between the two agencies in efforts to sanitise Nigeria’s financial system.
Receiving the suspect and the exhibits, Ebelo reaffirmed the EFCC’s commitment to tackling counterfeit currencies and fraudulent schemes
He also warned members of the public to be wary of “money doubling” scams, which he said often involve the use of counterfeit notes to defraud unsuspecting victims.
