The Economic and Financial Crimes Commission (EFCC) has commenced investigation into Usaini Ibrahim, who was arrested in Kano with counterfeit United States currency worth $212,200. The suspect is currently in EFCC custody following his handover by the National Drug Law Enforcement Agency (NDLEA).
Ibrahim was arrested by NDLEA operatives on September 3, 2026, along Maiduguri Road in Kano after the counterfeit currency was discovered. The NDLEA subsequently transferred the suspect and the fake notes to the EFCC for further investigation and possible prosecution.
During the formal handover at the EFCC’s Kano Zonal Directorate, Acting Zonal Director Friday S. Ebelo received the suspect and the exhibits from NDLEA representative Yahaya Labaran. Both agencies reaffirmed their commitment to strengthening cooperation in tackling financial crimes and protecting Nigeria’s financial system.
Ebelo also warned Nigerians against “money doubling” scams, noting that counterfeit currencies are sometimes used to defraud unsuspecting victims. He urged the public to remain vigilant and avoid individuals offering questionable money-doubling schemes. The EFCC said Ibrahim will be arraigned in court after investigations are concluded.
Daily Times
