The Economic and Financial Crimes Commission (EFCC) has opened anb investigation has against Usaini Ibrahim following his arrest by operatives of the National Drug Law Enforcement Agency (NDLEA) in Kano with counterfeit United States currency valued at $212,200.
Ibrahim was reportedly arrested on September 3, 2026 along Maiduguri Road in Kano after the suspected counterfeit dollars were discovered. The NDLEA subsequently handed him and the seized currency over to the EFCC for further investigation and possible prosecution.
The formal handover took place at the EFCC’s Kano Zonal Directorate, where Acting Zonal Director Friday Ebelo received the suspect and the exhibits. The EFCC said Ibrahim remains in its custody while investigations continue and will be arraigned in court after the investigation is concluded.
The EFCC also warned members of the public to be cautious of “money doubling” schemes, noting that counterfeit currency is sometimes used to defraud unsuspecting victims. The commission urged Nigerians to remain vigilant and avoid individuals promising to multiply money through questionable financial schemes.
