Two Arrested in Kano with Nearly $900K Fake Dollars as EFCC Investigates

 

The Economic and Financial Crimes Commission (EFCC), Kano Zonal Command, has launched an investigation into two individuals arrested for being in possession of counterfeit foreign currency amounting to $899,800 (Eight Hundred and Ninety-Nine Thousand, Eight Hundred United States Dollars).

The suspects were apprehended during a sting operation conducted by operatives of the EFCC following credible intelligence. Preliminary findings suggest the counterfeit currency was intended for circulation within and possibly beyond Nigeria’s borders, raising concerns over a potential transnational financial crime network.

Spokesperson for the Commission stated that the suspects are currently providing useful information as investigations continue to uncover the origin of the fake notes, their intended destination, and whether more individuals or criminal syndicates are involved.

The EFCC reiterated its commitment to protecting Nigeria's financial system from abuse and maintaining international credibility by cracking down on illicit financial activities, including currency counterfeiting.

Further developments will be communicated as the investigation progresses.