The Financial and Monetary Crimes Fee has commenced an investigation into the person arrested via the Nigeria Customs Provider, Okorie Sunday, on the Murtala Muhammed World Airport, Ikeja, Lagos, for fake foreign money declaration.
Sunday was once apprehended upon his arrival from Johannesburg, South Africa, on March 19, 2025.
Although he declared $279,000 on the Foreign money Declaration Table, a next seek viewable an backup $299,000 invisible in diverse programs, bringing the full to $578,000.
Government additionally found out €100 and a counterfeit $250 amongst his property.
A commentary on Saturday via the Head of EFCC’s Media and Exposure, Dele Oyewale, stated the fee’s Lagos Zonal Directorate 2 formally took over the case on March 21, 2025, then the NCS Branch Comptroller on the airport passed over the suspect.
Talking on the provide, an NCS authentic, Harrison, said that the business violated the Cash Laundering (Prohibition) Employment 2011, which mandates that any foreign money exceeding $10,000 will have to be correctly declared via inbound and outbound passengers.
Hour receiving the suspect, Oyewale stated the performing Zonal Director of EFCC Lagos Zonal Directorate 2, Ahmed Ghali, recommended the NCS for its collaboration.
He said that inter-agency collaboration was once very a very powerful to attaining a familiar purpose, including that, “We are here today to take over one passenger coming from South Africa for falsely declaring the cash he was carrying along . I want members of the public to be weary of this kind of act . It is incumbent on each and every person going out or coming into the country to declare any cash in excess of $10,000. It is mandatory by virtue of the provisions of our laws, especially the money laundering law”
Ghali warned in opposition to fake or non-declaration of foreign currencies, stressing that such offenses undermine the rustic’s monetary integrity.
“We will not allow anyone to sabotage the economy or the financial system. This kind of act exposes the country to risks, including money laundering, and gives Nigeria a bad reputation globally. We will continue to synergize efforts to strengthen the economy and financial sector,” Ghali said.