2 arrested in Kano, Nasarawa over terrorism financing, fake $160,000

Force Public Relations Officer, ACP Muyiwa Adejobi made this known while disclosing the establishment of the Police Anti-Money Laundering Units of the Nigeria Police Force, and appointing, a renowned financial expert, CP Hyacinth Azuka Edozie with officers of the rank of Chief Superintendents of Police (CSPs) to lead the units in all State Criminal Investigation Departments (SCIDs) across the country.

The Force PRO said, “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.

“A, breakdown showed 3,366,000 in Counterfeit US Dollars, 51,970 in Counterfeit CFA francs, and 1,443,000 in counterfeit Naira.

“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.

He explained the initiative by IGP Egbetokun to establish terrorism Financing units, “is a strategic move to strengthen the Police’s role in national security, specifically in combating financial crimes.

‘It is also critical in countering the sophisticated methods used by terrorist organizations and other criminal entities to finance their activities.

“The establishment underscores the Force’s commitment to safeguarding national security by preventing and detecting illicit financial activities that could undermine the country’s stability.

“It also enhances the operational capacity of law enforcement agencies, especially the Nigerian Financial Intelligence Unit (NFIU) in furtherance of its global oversight functions, to address various security threats.

“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.

Following the establishment of the Police Anti-money Laundering Units to checkmate terrorism Financing, operatives have arrested two suspects involved in counterfeit currencies in Kano and Nasarawa states with a total sum of over N129.54 million in Kano and $160,000

in Nasarawa State.