The Kano Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) has commenced investigation into Usaini Ibrahim, who was arrested with alleged counterfeit United States currency totalling $212,200 in Kano State.
Ibrahim 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 alleged counterfeit currency.
The NDLEA subsequently handed the suspect and the recovered 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 I (ACE1) 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 and related offences.
Receiving the suspect, Ebelo said the EFCC remained committed to addressing the circulation of counterfeit currency and other fraudulent schemes.
He also warned members of the public against so-called “money doubling” schemes, noting that counterfeit currency is sometimes used to defraud unsuspecting victims.
“Such fake currencies coming into the economy do not paint a good picture of us,” Ebelo said, while urging members of the public to remain vigilant and avoid financial schemes involving questionable promises to multiply money.
The suspect remains in EFCC custody as investigations continue. According to the information released by the Commission, Ibrahim is expected to be arraigned in court after the conclusion of the investigation.
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