Police in Kano State have arrested three suspects for possessing counterfeit currency valued at a staggering N129.54 billion. The arrest, announced during a press briefing by the Kano State Police Command, has exposed what authorities believe to be a significant criminal operation involving fake money production and distribution.
SP Abdullahi Haruna Kiyawa, the Command’s spokesperson, disclosed the details of the counterfeit currencies. “Counterfeit currencies equivalent to a total sum of N129,542,826,000 were recovered,” Kiyawa said. The breakdown of the seized fake notes includes $3,366,000 (USD), CFA51,970,000 (West African CFA franc), and N1,443,000 (Naira).
The suspects are currently in police custody and are cooperating with investigations aimed at identifying the sources and manufacturers of the counterfeit money.
The police revealed that among those arrested are two individuals caught with the counterfeit money and one person from whom they allegedly stole. “The suspects are helping with the investigation, and we are determined to track down the producers of this fake currency,” Kiyawa added.
The police operation also uncovered a range of other illegal items and stolen goods. Recovered during the crackdown were:
- Six live rounds of ammunition
- Three tricycles and eight motorcycles
- Three parcels containing 175 wraps of dried leaves, believed to be Indian hemp
- 250 diazepam tablets
- 278 sheep and seven cattle
SP Kiyawa highlighted the Command’s broader efforts to combat crime in Kano State, citing the successes in reducing incidents of kidnapping, armed robbery, drug trafficking, and thuggery. “These approaches have resulted not only in the apprehension of criminals but also in deterring potential offenders from engaging in criminal activities,” he said.
Also Read:
- U.S. Seeks Russian Money Launderers Involved in Billion-Dollar Cybercrime Scheme
- EFCC Declares Yahaya Bello Wanted for Money Laundering
The news of the arrests and seizure of counterfeit currencies has sparked concern among residents, with many questioning the impact of such fake money on the economy. However, the police reassured the public of their commitment to maintaining security and addressing crimes that threaten the community’s well-being.
“This arrest shows our determination to rid Kano of criminals and ensure safety for all,” Kiyawa stated.
The police promised to keep the public updated on the progress of the investigation, which they hope will lead to the dismantling of the network behind the counterfeit operation.