 has seized $578,000 in undeclared cash at the Murtala Muhammed International Airport (MMIA) in Lagos){kind=link}
The Nigeria Customs Service (NCS) has intercepted $578,000 in undeclared cash at the Murtala Muhammed International Airport (MMIA) in Lagos. The Customs Area Command (CAC) of the MMIA made the seizure. It is considered one of the largest seizures of undeclared cash at the airport in recent times.
The Customs Area Controller (CAC) of the MMIA stated that the seizure occurred during a routine inspection. Customs officials inspected passengers and luggage at the airport. The undeclared cash was found in a passenger’s luggage, and it was seized by Customs officials. The passenger was arrested and is currently being questioned by Customs officials.
The seizure was made because the passenger neglected to declare the cash as mandated by law. Under Nigerian law, passengers are obligated to declare any cash exceeding $10,000. Failure to declare cash exceeding this amount can result in seizure and penalties.
The seizure has significant implications for the fight against money laundering and terrorism financing in Nigeria. The seizure demonstrates the effectiveness of Customs officials in detecting and preventing the movement of undeclared cash. It also highlights the need for passengers to follow Nigerian laws and regulations regarding the declaration of cash.
The NCS has been working to combat money laundering and terrorism financing in Nigeria. The Service has implemented various measures to detect and prevent the movement of undeclared cash. These measures include the use of advanced technology, such as scanners and detectors, to inspect passengers and luggage. The Service has also increased the number of Customs officials at airports and borders to improve surveillance and detection.