Monday, July 26, 2021

Man intercepted with $375,000 cash in EFCC’s net

Must read

Jaafar Jaafar
Jaafar Jaafar is a graduate of Mass Communication from Bayero University, Kano. He was a reporter at Daily Trust, an assistant editor at Premium Times and now the editor-in-chief of Daily Nigerian.
- Advertisement -

The Economic and Financial Crimes Commission, EFCC, said it has begun the investigation of a man intercepted recently at Kano Airport with the sum of 370,000 dollars in his possession.

EFCC spokesperson, Wilson Uwujaren said in a statement on Tuesday in Abuja that the suspect, Adamu Rabiu-Mohammed, was intercepted by Customs officers at the Kaduna International Airport on March 3.

Mr Mohammed was preparing to board an Ethiopian Airline flight to Dubai, United Arab Emirates when he caught the attention of the Customs men.

READ ALSO:   Ribadu: Zeal to crush corruption embedded in Buhari government

He was subsequently handed over to the EFCC for further investigation.

While commending the Nigerian Customs Service for its vigilance, EFCC Kaduna Zonal Head of Operations, Ibrahim Bappa, enjoined other Law enforcement agencies to work with the EFCC for a corrupt free Nigeria.

READ ALSO:   Ex-CJN Onnoghen opens up on relationship with Atiku, 2019 elections

Mr Bappa, reportedly assured the public that no efforts would be spared to get to the bottom of the matter.

Mr Uwujaren said the suspect would be arraigned as soon as investigation was concluded.

Money Laundering (Prohibition) Act, 2011 forbids individuals coming into or leaving the country from carrying above 10,000 dollars cash, except the amount is declared.

Section 2(3) provides that “transportation of cash or negotiable instruments in excess of 10,000 dollars or its equivalent by individuals in or out of the country shall be declared to the Nigeria Customs Service, NCS.

READ ALSO:   2023: Bawa never advised INEC not to sell forms to ‘corrupt politicians’ – EFCC

Section 2(5) states, “Any person who falsely declares or fails to make a declaration to the NCS pursuant to section 12 of the Foreign Exchange (Monitoring and Miscellaneous Provisions) Act, Cap. F34, LFN, 2004 is guilty of an offence and shall be liable on conviction to forfeit the undeclared funds or negotiable instrument or to imprisonment of not less than two (2) years or to both.”

READ ALSO:   EFCC arraigns man for N200m fraud
- Advertisement -

More articles


Please enter your comment!
Please enter your name here
READ ALSO:   N1.3bn fraud: Court revokes bail of former police officer, others

- Advertisement -

Latest article

- Advertisement -