The Nigerian Police Force has arrested members of a syndicate involved in currency counterfeiting in Kano and Nasarawa states.
Force Public Relations Officer, Olumuyiwa Adejobi, in a statement, yesterday, in Abuja, 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 include 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.
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“Similarly, on January 13, 2025, the Force arrested 53-year-old Ephraim Barde in New Karu, Nasarawa State, with counterfeit U.S. dollar notes totalling $160,000.
“Following the arrest, further investigations are underway to determine the full scope of Barde’s involvement and identify any accomplices. The Police are committed to preventing further threats to the nation’s financial system.
“The Nigeria Police Force remains resolute in its efforts to combat financial crimes and ensure a secure economic environment with a view to promoting national security for the safety of all Nigerians and residents. The establishment of the Anti-Money Laundering Units is a vital step in this mission.”
