EFCC grills man arrested with fake $212,200 in Kano

The Economic and Financial Crimes Commission has commenced investigation into a suspect, Usaini Ibrahim, arrested in Kano with counterfeit United States currency valued at $212,200.

Ibrahim was arrested on September 3, 2026, by operatives of the National Drug Law Enforcement Agency along Maiduguri Road, Kano, following the discovery of the suspected fake dollar notes.

A statement by the anti-graft agency on Thursday, said the suspect and the counterfeit currency were subsequently transferred to the Kano Zonal Directorate of the EFCC for further investigation and possible prosecution.

The handover was formally conducted at the EFCC office in Kano, 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 transfer underscored the continued cooperation between both agencies in tackling financial crimes and protecting the country’s financial system.

Receiving the suspect, Ebelo reaffirmed the EFCC’s resolve to rid the financial system of counterfeit currencies and fraudulent activities.

He also cautioned members of the public against falling prey to money-doubling schemes, noting that fraudsters often use counterfeit currency to lure and defraud unsuspecting victims.

“Such fake currencies coming into the economy do not paint a good picture of us,” he said.

Ebelo urged members of the public to exercise caution and shun individuals who offer to multiply money or engage in other questionable financial transactions.

According to the commission, Ibrahim remains in EFCC custody while investigations continue. He will be arraigned before a court after the conclusion of the investigation.