Nigeria Customs Seizes $193,000 Concealed in Yoghurt Carton

The Nigeria Customs Service seized $193,000 hidden in a yoghurt carton at the Abuja airport, leading to the arrest of Kamilu Sarina who failed to declare the funds. This act contravenes anti-money laundering regulations, with potential penalties for non-compliance. The seized money has been forwarded to the Economic and Financial Crimes Commission for further actions.

The Nigeria Customs Service (NCS) recently seized $193,000 concealed within a yoghurt carton at the Nnamdi Azikiwe International Airport in Abuja. This seizure took place following a baggage inspection driven by credible intelligence. The suspect, identified as Kamilu Sarina, was onboard Ethiopian Airlines Flight ET 951 arriving from Jeddah, Saudi Arabia.

The incident illustrates the ongoing challenges in enforcing financial regulations in Nigeria, emphasizing the importance of compliance with the Anti-Money Laundering (Prevention and Prohibition) Act and the Customs Act. The NCS remains vigilant in combatting money laundering and ensuring travelers adhere to currency declaration laws, underlining the strict penalties for non-compliance.

Original Source: www.premiumtimesng.com