Nigerian Police Arrest Counterfeit Currency Dealers In Kano, Nasarawa; Seize $3.5Million, N1.4Million, 51,970 CFA Francs
The Nigeria Police Force (NPF) has announced the arrest of counterfeit currency dealers in Kano and Nasarawa State respectively.
This, according to the police was a major breakthrough in combating counterfeit currency. Adding that the operation yielded a recovery of $3.5 million, N1.4 million, and 51,970 CFA Franc counterfeit notes.
The Force Public Relations Officer, ACP Olumuyiwa Adejobi, one of the key arrests took place on December 8, 2024, in Gwale, Kano.
Nura Ibrahim was taken into custody, and a staggering amount of counterfeit currency was seized, totalling N129.5 billion. The breakdown of the recovered counterfeit currencies includes 3,366,000 US Dollars, 51,970 CFA Franc, and 1,443,000 Naira.
Adejobi said the arrest led to further arrests of accomplices identified as Muhammed Muntari and Usman Abdullahi.
Similarly, on January 13, 2025, operatives of the Force arrested a 53-year-old Ephraim Barde in New Karu, Nasarawa State, with counterfeit U.S. Dollar notes totalling $160,000.
The force spokesperson said that following the arrest, further investigations are underway to determine the full scope of Barde’s involvement and identify any accomplices.
SaharaReporters
