Fake Currencies: Police Arrest 3 Suspects with N129b in Kano, Nasarawa
The Nigeria Police Force has arrested 3 suspects in connection with a massive counterfeiting operation in Kano and Nasarawa States.
On December 8, 2024, operatives in Kano arrested Nura Ibrahim and his accomplices, Muhammed Muntari and Usman Abdullahi, seizing counterfeit currency worth N129.5 billion.
The counterfeit currency included: 3,366,000 counterfeit US dollars; 51,970 counterfeit CFA francs and 1,443,000 counterfeit Naira
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In a separate operation on January 13, 2025, in Nasarawa State, Police arrested 53-year-old Ephraim Barde and confiscated $160,000 in counterfeit US dollar notes.
According to Police Public Relations Officer, ACP OLUMUYIWA ADEJOBI, further investigations are underway to determine the full scope of Barde’s involvement and identify any accomplices.
He said the Police are committed to preventing further threats to the nation’s financial system.
Meanwhile, he noted that the Police have established Anti-Money Laundering Units to combat financial crimes and ensure a secure economic environment.
The Inspector-General of Police urges citizens to report suspicious activities related to counterfeit currency and financial crimes.
