The Kano Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) has commenced an investigation into a suspect, Usaini Ibrahim, who was arrested with counterfeit United States currency worth $212,200.
The EFCC said 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 notes.
The NDLEA subsequently handed the suspect and the fake currency over to the EFCC for further investigation and possible prosecution.
The formal handover took place at the EFCC’s Kano Zonal Directorate, 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, said the agency appreciated the continued collaboration between both organisations in efforts to combat financial crimes and protect Nigeria’s financial system.
Receiving the suspect and exhibits, Ebelo reaffirmed the EFCC’s commitment to tackling the circulation of counterfeit currency and other fraudulent schemes.
He also warned members of the public against “money doubling” scams, noting that fraudsters often use counterfeit currency to deceive unsuspecting victims.
Ebelo urged Nigerians to remain vigilant and avoid individuals who promise to multiply money through questionable or fraudulent means.
The suspect remains in EFCC custody and is expected to be arraigned in court after investigations are concluded.
