EFCC seizes ‘gold worth N211m’ at Lagos airport - Welcome to Uju Ayalogu's Blog

Breaking News

Post Top Ad

Wednesday, 14 November 2018

EFCC seizes ‘gold worth N211m’ at Lagos airport

EFCC seizes ‘gold worth N211m’ at Lagos airport

The Economic and Financial Crimes Commission (EFCC) says its officials seized gold worth N211 million being illegally transported through the Murtala Mohammed International Airport (MMIA), Lagos.

Tony Orilade, EFCC acting head, media and publicity, disclosed this in a statement in Abuja.

READ ALSO :   2019: Oshiomhole Resumes "Saraki Must Go" Anthem

According to Orilade, the package was to be taken to Dubai in the United Arab Emirates.

Although unnamed, the EFCC official said the suspect was nabbed at the point of departure and has been cooperating with the commission to lay hold of his accomplice.

“Following intelligence reports, the operatives on November 9, 2018 uncovered the gold weighing about 35kg just at the point of departure of a suspect currently in the EFCC’s custody,” the statement read.

“Meanwhile, the suspect is cooperating with operatives.”

READ ALSO :   Breaking: PDP accuses Buhari, APC of plotting to liquidate party’s, stakeholders’ accounts

Orilade said the Nigerian Customs Service had in March 2017, intercepted bags of money containing a total of N49 million cash.

The money, he said, was being illegally transported by one Adamu Rabiu Mohammed who was heading to Dubai, through the Kaduna International Airport.

Section 2(3) of the Money Laundering (Prohibition) Act, 2011 prohibits individuals coming into or leaving the country from carrying an excess of $10,000 in “cash or negotiable instruments”, except the amount is declared to the NCS.

Anyone who fails to declare or makes false declaration under section 2(5) “shall be liable on conviction to forfeit the undeclared funds or negotiable instrument or to imprisonment of not less than two (2) years or to both.”

Are you an artiste? Do you want your music to go viral and reacha large number of audience? Promote your music and Submit your story on Ujuayalogusblog.com by clicking here. For Advert Inquiries Tel/+44(0)7590363984 Subscribe to Ujuayalogusblog.com

For More:  Visit Us at Uju Ayalogu's Blog

Share This

No comments:

Post a Comment

Post Bottom Ad