The Economic and Financial Crimes Commission (EFCC), Kano Zonal Directorate, has commenced investigation into a suspect, Usaini Ibrahim, who was allegedly arrested with counterfeit US currency worth $212,200
The suspect was arrested on September 3, 2026, by operatives of the National Drug Law Enforcement Agency (NDLEA) along Maiduguri Road, Kano, following the discovery of the counterfeit currency
The NDLEA subsequently handed over the suspect and the fake currency to the EFCC for further investigation and possible prosecution
The formal handover took place at the EFCC’s Kano office, where the Acting Zonal Director, Assistant Commander of the EFCC (ACE I), Friday S Ebelo, received the suspect and the exhibits.
A representative of the NDLEA, Deputy Superintendent of Narcotics Yahaya Labaran, said the handover reflected the continued collaboration between the two agencies in tackling financial crimes
Speaking during the handover, Ebelo warned members of the public against “money doubling” scams, saying counterfeit currency was often used to defraud unsuspecting victims
“Such fake currencies coming into the economy do not paint a good picture of us,” he said
He urged members of the public to remain vigilant and avoid individuals offering to “double” money or engage in other financial schemes through questionable means
The suspect remains in EFCC custody and is expected to be arraigned after the conclusion of investigations