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

LThe Economic and Financial Crimes Commission has commenced an investigation into a man, Usaini Ibrahim, who was arrested in Kano with counterfeit US currency valued at $212,200.

The EFCC disclosed this in a statement on its official X account on Thursday, September 17, 2026.

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

The NDLEA later handed Ibrahim and the recovered currency to the EFCC for further investigation and possible prosecution.

The suspect and the exhibits were formally transferred to the EFCC Kano Zonal Directorate, where the Acting Zonal Director, ACE1 Friday S. Ebelo, received them.

A representative of the NDLEA, Deputy Superintendent of Narcotics Yahaya Labaran, commended the continued collaboration between both agencies in tackling financial crimes.

Ebelo said the EFCC remained committed to combating the circulation of counterfeit currency and other fraudulent schemes.

He also warned members of the public against “money doubling” schemes, which he said were sometimes used to defraud unsuspecting victims with counterfeit notes.

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

He urged Nigerians to remain vigilant and avoid individuals offering to double money or participate in financial schemes involving questionable methods.

The EFCC said Ibrahim remained in its custody and would be arraigned after the completion of investigations.