Operatives of the Economic and Financial Crimes Commission (EFCC), Kano Zonal Command, have arrested two suspects in possession of counterfeit foreign currency totaling $899,800 during a sting operation in Kano State.
The arrest was made on Friday, May 31, 2025, following actionable intelligence indicating suspicious currency dealings in the state’s commercial hub. The suspects, identified as Musa Abubakar and Aliyu Mohammed, were apprehended while attempting to trade the fake notes with unsuspecting victims.
Preliminary investigations revealed that the counterfeit dollars, which were carefully concealed in black polythene bags, were intended for circulation within and outside Nigeria. The fake bills were printed with high-level precision, raising concerns about a possible link to a wider currency counterfeiting syndicate.
According to the EFCC, the operation was part of a broader effort to clamp down on economic saboteurs whose illegal activities pose a serious threat to Nigeria’s financial system. “This is a significant breakthrough in our ongoing efforts to protect the economy from the dangers of illicit financial dealings,” an EFCC official said.
The suspects are currently in EFCC custody and will be charged to court as soon as investigations are concluded.
This latest interception adds to a growing list of financial crime cases being tackled by the EFCC across the country, reinforcing the commission’s commitment to cleansing the system and upholding the integrity of Nigeria’s economy. The anti-graft agency also urged citizens to remain vigilant and report suspicious financial activities to the nearest EFCC office.
