EFCC Investigates Usaini Ibrahim for Counterfeit Currency

The Economic and Financial Crimes Commission (EFCC) has initiated an investigation into Usaini Ibrahim, who was arrested in Kano with counterfeit United States currency valued at $212,200. Ibrahim was apprehended on September 3, 2026, by operatives of the National Drug Law Enforcement Agency (NDLEA) along Maiduguri Road after the counterfeit money was discovered.

Following his arrest, the NDLEA handed over Ibrahim and the counterfeit currency to the EFCC for further investigation and possible prosecution. The formal handover occurred at the EFCC Kano Zonal Directorate, where Acting Zonal Director, Assistant Commander of the EFCC, ACE1 Friday S.

Ebelo, received the suspect and the exhibits. Deputy Superintendent of Narcotics Yahaya Labaran represented the NDLEA and acknowledged the collaboration between the two agencies to safeguard Nigeria’s financial system.

Ebelo emphasized the EFCC’s commitment to combating counterfeit currency circulation and warned the public against “money doubling” scams. Ibrahim remains in EFCC custody and will be arraigned in court after investigations conclude.