The Digest:
In a recent operation, the Kano/Jigawa Command of the Nigeria Customs Service (NCS) intercepted a significant sum of N653.9 million in foreign currencies at Kano's Mallam Aminu Kano International Airport. The currencies were concealed in a passenger’s luggage, sparking an investigation. This interception highlights the country's ongoing efforts to curb illegal financial flows. According to the NCS, the operation is a part of broader anti-money laundering measures, aiming to safeguard Nigeria’s economic interests.
Key Points:
- NCS intercepted N653.9 million in foreign currencies at Kano airport.
- The suspect, Ahmed Salisu, failed to declare the money upon arrival from Saudi Arabia.
- The seized currencies included USD 420,900, €5,825, and CFA Francs (XOF and XAF).
- The seizure follows Nigeria’s strict currency declaration laws under the Money Laundering Prevention Act, 2022.
- The operation was a collaboration between NCS, EFCC, and ICPC.
- NCS is committed to countering money laundering and financing of terrorism.
- EFCC urged stakeholders to report suspicious movements of large sums of cash.
The interception of N653.9 million at Kano Airport signals Nigeria's ongoing commitment to combat money laundering and secure its financial system. The case underscores the importance of adhering to currency declaration regulations in the fight against illicit financial flows.
Sources: Vanguard News, EFCC, Nigeria Customs Service
