Customs Uncover Concealed 7M CFA at Border, Hand Over to EFCC
The Nigeria Customs Service (NCS) Ogun I Area Command has made a significant discovery, uncovering a bag containing 7,000,000 CFA (approximately ₦17 million or $11,000) at the border’s outward baggage hall.
Speaking to journalists at Idiroko on Tuesday, 25 March 2025, the Customs Area Controller, Comptroller Muhammad Shuaibu, revealed that the interception occurred on 20 March 2025 during a search of passengers’ bags en route to the Republic of Benin.
He stated that the interception aligns with Sections 4(e) and (f) of the NCS Act 2023, which focus on smuggling suppression and border enforcement.
The Comptroller clarified that while travellers are permitted to carry cash, any amount exceeding $10,000 must be declared in accordance with the Anti-Money Laundering Act 2022 and the Foreign Exchange Act 1995.
“As a travelling passenger, there are privileges you enjoy, but you must declare your currency. Refusal to do so is tantamount to money laundering,” he said.
The Area Controller noted that no arrests were made but reaffirmed his officers’ commitment to enforcing federal fiscal policies and deterring smuggling activities.
The seized cash was handed over to the Economic and Financial Crimes Commission (EFCC) for further investigation.
Receiving the seized funds, the EFCC Head of Investigation, Lagos Zonal Directorate 2, Assistant Commander Moses Oguzi, commended Customs for their vigilance in safeguarding Nigeria’s borders.
“This interception is a testament to the importance of interagency collaboration in our fight against corruption, money laundering, and illicit financial flows across our borders. A thorough investigation will be conducted to determine the source and intent of these funds,” he concluded.
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