Customs and Excise confiscated 7 million CFA (N17 million) to EFCC

Nigeria Customs Service (NCS) on Tuesday handed over more than 7 million CFA (N17 million) was intercepted by its operators to the Economic and Financial Crime Commission (EFCC).

Customs and Excise Area Supervisors, Ogun 1 Area Command, Mr. Mohammed Shuaibu, handed over money to the Assistant Commander EFCC, Head of Investigation, Lagos Zone 2, Mr. Oguzi Moses, in Idiroko, the state of Ogun.

He said: “Commander operations on duty in the Outer Baggage Hall, while looking for a passenger bag on the way from Nigeria to the Republic of Benin on March 20, saw a bag that allegedly carried content that violated the law.

“After a thorough search, it was found that the bag contains a new Mint New Mint currency, which consists of the amount stored in 5,000 CFA denominations, which is equivalent to the total number of N17 million in the Nigerian currency.”

Also read: Customs Ruze N398M Cannabis in Lagos, smuggling fled to the sea

Shuaibu stressed that the failure to declare cash with the amount of confiscated amount was contrary to the Anti-Money Laundering Law (Prevention and Prohibition) 2022 and the Foreign Exchange Law (Monitoring and Other Provisions), 1995.

In his words, Musa reiterated EFCC’s commitment to protect the border of our nation.

“Your professionalism and dedication once again ensure that prohibited financial activities are not checked.

“When we take over this case, EFCC will conduct a thorough investigation to uncover the situation around this interception and ensure that a reasonable process is followed,” he said.

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