EFCC Commences Investigation of Suspect Arrested with Counterfeit $212,200 in Kano   The Kano Zonal Directorate of the Economic and Financial Crimes Commission,  EFCC,  has commenced investigation  of a suspect, Usaini Ibrahim, arrested with  counterfeit currency  totaling $212,200( Two hundred and Twelve Thousand, Two Hundred United States Dollar)   The suspect was arrested on September 3, 2026, by operatives of the National Drug Law Enforcement Agency,  NDLEA,  along Maiduguri Road in Kano following the discovery of the counterfeit currency. The NDLEA subsequently handed over the suspect and the fake currency to the EFCC for further investigation and possible prosecution. The formal handover took place at the Kano Directorate of the EFCC, where the Acting Zonal Director,  Assistant Commander  of the EFCC,  ACE1 Friday S. Ebelo, received both the suspect and the exhibits.  A representative of the NDLEA, Deputy Superintendent of Narcotics,  Yahaya Labaran,  while handing over the case, expressed appreciation for the continued strategic collaboration between the two agencies in sanitizing Nigeria's financial system. Ebelo, acknowledging the handover, reiterated the EFCC's commitment to cleansing the financial ecosystem of counterfeit currencies and fraudulent schemes. He specifically warned members of the public to be wary of "money doubling" scams, which often involves using counterfeit notes as tools to defraud unsuspecting victims. "Such fake currencies coming into the economy do not paint a good picture of us," he said.   He called on the public to remain vigilant and avoid falling victim to individuals offering to "double" money and other financial crimes through questionable means. The suspect, Usaini Ibrahim, is currently in the custody of the EFCC and will be arraigned in court upon the conclusion of investigations.