The Nigeria Police Force said it had recovered foreign currencies valued at N125 billion from criminals in Kano and Nasarawa states.
In Kano State, operatives were said to have apprehended one Nura Ibrahim and discovered counterfeit currency, which included the sum of N129,542,823,000 in counterfeit currencies on December 8.
A statement on Wednesday by the Force Spokesperson, Muyiwa Adejobi, said a breakdown of the recovered fake money included $3,366,000 in counterfeit US dollars, 51,970 counterfeit CFA francs, and N1,443,000 in counterfeit naira notes.
Adejobi noted that two additional suspects, identified as Muhammed Muntari and Usman Abdullahi, were also arrested in connection with the case.
He said, “As a testament to the zeal to curb financial crimes and boost national security, the police recently made significant arrests in Kano and Nasarawa states. On December 8, 2024, at Gwale, Kano, operatives, acting on credible intelligence, apprehended Nura Ibrahim and discovered counterfeit currency, which included the sum of N129,542,823,000 in counterfeit currencies, with a breakdown of 3,366,000 in Counterfeit US Dollars, 51,970 in Counterfeit CFA franc, and 1,443,000 in counterfeit Naira.
“The arrest led to further arrests of accomplices Muhammed Muntari and Usman Abdullahi.”Similarly, Adejobi said operatives arrested a 53-year-old man identified as Ephraim Barde in Nasarawa State with $160,000 on January 13, 2025.”
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