EFCC Probes Suspect With Fake $212

Author: Gist Correspondent

The Economic and Financial Crimes Commission (EFCC), Kano Zonal Directorate, has commenced investigation into a suspect, Usaini Ibrahim, arrested 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 (NDLEA) along Maiduguri Road, Kano, following the discovery of the suspected counterfeit notes.

The NDLEA subsequently handed over the suspect and the recovered currency to the EFCC for further investigation and possible prosecution.

The formal handover was conducted at the Kano Zonal Directorate of the EFCC, where the Acting Zonal Director, Assistant Commander of the EFCC (ACE1), Friday S. Ebelo, received the suspect and exhibits.

Speaking during the handover, NDLEA representative, Deputy Superintendent of Narcotics Yahaya Labaran, commended the continued collaboration between both agencies in tackling financial crimes and protecting the integrity of Nigeria's financial system.

Ebelo reaffirmed the EFCC's commitment to combating the circulation of counterfeit currency and other fraudulent schemes. He particularly warned members of the public against “money doubling” scams, which often involve the use of fake currencies to defraud victims.

He urged Nigerians to remain vigilant and avoid individuals who promise to multiply money through questionable means.

The suspect remains in EFCC custody and is expected to be arraigned in court after the completion of investigations.