The Economic and Financial Crimes Commission (EFCC) is investigating a woman arrested at Murtala Muhammed International Airport in Lagos after attempting to board a flight to the United Kingdom with undeclared foreign currency.
During a routine screening, the woman declared carrying only $4,000. However, a subsequent search revealed she was in possession of $14,567, £1,030, and CA$40, none of which were declared as required by law.
The EFCC has taken over the case and is conducting further investigations to determine whether the funds are linked to illegal activities such as money laundering or terrorism financing. The woman remains in custody as authorities continue their probe.
This incident reflects the government’s strict enforcement of currency declaration laws and its commitment to combating illicit financial flows. The EFCC has warned that violators of currency regulations will face legal consequences.
Separately, the EFCC is also investigating a parcel intercepted by Nigerian Postal Service officials containing large sums of foreign currency, underscoring ongoing efforts to regulate and monitor financial transactions in the country.
