EFCC Arrests Man With Fake 212,200 Dollars in Kano
By Chibuzo Obidike
The Economic and Financial Crimes Commission, EFCC, has commenced investigation into a man identified as Usaini Ibrahim, following his arrest with counterfeit United States currency valued at 212,200 dollars in Kano State.
Ibrahim was reportedly arrested on September 3, 2026, by operatives of the National Drug Law Enforcement Agency, NDLEA, along Maiduguri Road in Kano, after the suspected counterfeit currency was discovered.
The NDLEA subsequently handed Ibrahim and the recovered currency over to the EFCC Kano Zonal Directorate for further investigation and possible prosecution.
Receiving the suspect and exhibits, the Acting Zonal Director of the EFCC, ACE1 Friday S. Ebelo, reaffirmed the commission’s commitment to tackling the circulation of counterfeit currency and other financial crimes.
A representative of the NDLEA, Deputy Superintendent of Narcotics Yahaya Labaran, commended the cooperation between both agencies in efforts to protect Nigeria’s financial system.
Ebelo also warned Nigerians against money doubling schemes, noting that counterfeit currency is sometimes used in such schemes to defraud unsuspecting victims.
The EFCC said Ibrahim remains in custody while investigations continue, adding that he will be arraigned after the conclusion of the investigation.
The commission said the investigation would establish the circumstances surrounding the counterfeit currency and determine whether other offences or individuals are connected to the case.
