EFCC Probes Traveler Over Undeclared $59,000 at Lagos Airport
In a significant enforcement action, the Economic and Financial Crimes Commission (EFCC) has launched an investigation into a traveler who arrived at Murtala Muhammed International Airport (MMIA), Lagos, with a total of $59,000 in undeclared foreign currency. The individual declared just $10,000 at the currency declaration desk, falling well below the threshold of what was actually carried.Economic and Financial Crimes Commission
The unidentified traveler was intercepted by customs during a routine screening, triggering immediate concern under the Money Laundering (Prevention and Prohibition) Act, which mandates the declaration of any cash exceeding the $10,000 threshold.Economic and Financial Crimes Commission EFCC operatives have taken over the case and are now investigating possible violations of anti-money laundering regulations.Economic and Financial Crimes Commission
This incident underscores enforcement agencies’ ongoing efforts to crack down on illicit financial activities, especially those facilitated through the nation’s airports. Authorities continue urging travelers to remain transparent and adhere strictly to legal requirements surrounding cash declarations.
