Money Laundering: EFCC Arrests Two With $238, 858

Economic and Financial Crimes , EFCC has arrested two suspects an attempt to smuggle more than $238,858 ( two hundred and thirty eight thousand, eight hundred and fifty eight States Dollars) out of country through Nnamdi Azikiwe International Airport, Abuja.

One of suspects, Abdulrasheed Ibrahim was nabbed November 7 as he prepared to board a Dubai, Arab Emirates bound Ethiopian Airline. A total of $188,858 (one hundred and eighty eight thousand, eight hundred and fifty eight States Dollars) was found on him. He had declared sum of forty five thousand USD ($45,000) only for a search on him to reveal additional $143, 858.

Further search reveal that he was carrying forty British Pounds and 5753grams of solid gold worth thirty four million five hundred and eighteen thousand naira (N34, 518,000).

The suspect is still interrogated

The second suspect, Hyginus Ezedimbu was apprehended at the Nnamdi Azikiwe International Airport on November 3 as he prepared to board an Ethiopian Airline on his to China. He was caught with $50,000 but he declared $49,971. Apart from under declaring the money in his possession, Ezedimbu could also not explain the ownership of the money, nor was he able to produce the receipt with which he purportedly purchased the forex from a Bureau De Change. Musa Adamu operator of Majia Bureau de Change, Abuja, who purportedly sold the currency to Ezedimbu has been questioned even as the suspect has been released on administrative bail, pending the conclusion of investigation.

The arrest of the duo comes on the heels of similar arrests at two of the nation’ other major gateway, the Murtala Mohammed International Airport, Lagos and the Mallam Aminu Kano Airport, Kano.

Abubakar Tijani Sheriff, who has since been convicted by a in Lagos, was arrested on September 27, 2012 at the Murtala Mohammed International Airport en route Dubai, Arab Emirates for attempting to smuggle $7million out of the country.

When he was arrested, he declared that he had only $4.5million on him but thorough search showed that he was actually carrying $7,049,444 (Seven million, Forty Nine Thousand, Four Hundred and Forty Four United States Dollars).

Two days after Sheriff’ arrest, the anti-graft agency similarly apprehended one Nkem Sebastian for attempting to smuggle $286,000 out of the country. He was arrested as he prepared to board a plane for Dubai, the United Emirates en route China. When the money was discovered, Sebastian disclosed that he had only $200,000 on him. But a search revealed that he was actually carrying $286,000.

On Sunday, September 30, 2012 operatives of the arrested one Alhaji Tasiu Ilu Kura, a businessman with $700,000 (about N112m) at the Mallam Aminu Kano International Airport, Kano. The suspect who hails from Kura Local Government in Kano State, was arrested en route Dubai, United Arab Emirates.

Under declaring cash at entry and exit points in the country are criminal offence and the person making the declaration risk losing 25 percent of the money not declared or a two year jail term; or both.



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