MONEY LAUNDERING: EFCC nabs man with N75M at Kano Airports

The Economic and Financial Crimes Commission (EFCC), has arrested one Sani Abdullahi, at the Mallam Aminu Kano International Airport, for money laundering offence.

Abdullahi was arrested on board Ethiopian Air enroute Kano to China for failing to fully declare the sum of $207,000 about N75 million in his possession, to the authorities.

He declared the sum of $86,000 (Eighty Six Thousand Dollars), but concealed the sum of $121,000 (One Hundred and Twenty One Thousand Dollars).

The concealed sum, a statement by Tony Orilade, acting spokesman of the commission, said was discovered after he was searched by operatives of the Commission. It is an offence contrary to the Money Laundering Act 2011 (as amended).

The suspect has been granted administrative bail and will soon be charged to court.

Related posts

Leave a Comment