The Economic and Financial Crimes Commission, Ilorin Zonal Directorate has arrested three suspects, including a 51-year-old father of ten, over their alleged involvement in the circulation of counterfeit foreign currencies.
The suspects were identified as Akilu Salisu, a resident of Malumfashi Local Government Area in Katsina State, Umar Mikailu Shuaibu, a self-acclaimed cleric from the Kafor Wambari area of Kano State, and Salisu Nura from Garki Local Government Area in Jigawa State.
This was contained in a statement by the anti-graft agency shared on its Facebook page on Thursday.
Preliminary findings by the commission revealed that the trio is suspected to have been involved in a network responsible for the distribution of counterfeit foreign currencies, including United States Dollars and British Pounds Sterling.
According to the statement, the illicit funds were allegedly being transported for delivery to Shuaibu, who was identified as a key figure in the operation.
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Salisu Nura was reportedly the final suspect in the distribution chain, suggesting an organised system of supply and dissemination.
The EFCC indicated that further investigations are ongoing to uncover the full scope of the operation and to determine whether additional suspects are linked to the case.
The suspects are currently in EFCC custody in Ilorin, where they are expected to face prosecution upon the conclusion of investigations.
The EFCC reiterated its commitment to tackling financial crimes and warned individuals involved in illicit currency dealings to desist or face the full weight of the law.