EFCC investigates suspect caught with fake $212,200 in Kano

The Economic and Financial Crimes Commission (EFCC) is looking into a suspect named Usaini Ibrahim. He was arrested in Kano with fake US dollars worth $212,200.

A post from the EFCC's X handle on Thursday shared details about Ibrahim's arrest. He was caught on September 3, 2026, by officials from the National Drug Law Enforcement Agency (NDLEA) on Maiduguri Road in Kano after the fake money was found.

After his arrest, the NDLEA handed Ibrahim and the fake currency over to the EFCC for further investigation and possible charges.

The handover took place at the EFCC Kano Zonal Directorate. The Acting Zonal Director, Assistant Commander of the EFCC, ACE1 Friday S. Ebelo, received both the suspect and the items.

A representative from the NDLEA, Deputy Superintendent of Narcotics Yahaya Labaran, thanked both agencies for their teamwork. He said their efforts help protect Nigeria’s financial system.

While receiving the suspect, Ebelo emphasized the EFCC’s dedication to fighting the spread of fake currencies and other financial crimes. He also warned the public about “money doubling” scams that often use counterfeit money to cheat people.

“Such fake currencies coming into the economy do not paint a good picture of us,” Ebelo said. He advised people to stay alert and avoid anyone promising to double their money or offer quick financial gains through shady schemes.

The EFCC stated that Ibrahim is still in their custody and will face court after the investigation is complete. The commission plans to find out how the counterfeit money came into play and if there are any other crimes or people involved in this case.