EFCC ARRESTS THREE OVER COUNTERFEIT DOLLARS, POUNDS IN KWARA
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By Aishat Momoh. O.
The Economic and Financial Crimes Commission (EFCC) has arrested three suspects over alleged involvement in the circulation of counterfeit foreign currencies.
The suspects—Akilu Salisu, a 51-year-old father of 10 from Katsina State; Umar Mikailu Shuaibu, a self-acclaimed cleric from Kano State; and Salisu Nura from Jigawa State—were apprehended by the Ilorin Zonal Directorate of the commission.
According to a statement by EFCC spokesperson, Dele Oyewale, Nura and Shuaibu were initially arrested by operatives of the National Drug Law Enforcement Agency (NDLEA) during a stop-and-search operation on January 27, 2026, before being handed over to the EFCC for further investigation.
During the operation, Nura was found in possession of 435 pieces of counterfeit $100 notes and 378 pieces of counterfeit £50 notes. Preliminary investigations revealed that the fake currencies were meant for delivery to Shuaibu, while Salisu was identified as the final recipient in the distribution chain.
Further probes uncovered suspicious transactions exceeding N5 million in Shuaibu’s account on a digital payment platform, for which he could not provide satisfactory explanations.
The EFCC disclosed that the suspects would be arraigned in court upon the conclusion of investigations.
Authorities reiterated that currency counterfeiting remains a serious financial crime under Nigerian law, with severe penalties under statutes such as the Counterfeit Currency (Special Provisions) Act and the Central Bank of Nigeria Act.
The commission, alongside agencies like the NDLEA and the Central Bank of Nigeria, continues to intensify efforts to curb financial crimes and protect the integrity of the country’s financial system.
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