The Nigeria Police Force has announced the recovery of counterfeit currencies valued at over N129 billion during an operation in Kano State.
According to a statement issued by the Force Spokesperson, Muyiwa Adejobi, on Wednesday, the operation took place on December 8, 2024, in Gwale, Kano, and led to the arrest of three suspects.
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“On December 8, 2024, at Gwale, Kano, operatives, acting on credible intelligence, apprehended one Nura Ibrahim and discovered counterfeit currency amounting to N129,542,823,000. The breakdown of the counterfeit money includes $3,366,000 in counterfeit US dollars, 51,970 counterfeit CFA francs, and N1,443,000 in counterfeit naira notes,” Adejobi disclosed.
Further investigations led to the arrest of two additional suspects, identified as Muhammed Muntari and Usman Abdullahi, who were reportedly part of the counterfeit currency operation.
Adejobi highlighted the significance of the arrests, stressing the police’s dedication to combating financial crimes and protecting the nation’s economy.
