EFCC INVESTIGATES CFA-7 MILLION SEIZED BY CUSTOMS AT IDIROKO BORDER, OGUN STATE

The Nigeria Customs Service has handed over the cash sum of CFA 7m (Seven Million West African CFA France), which was seized by its operatives along Idiroko Border in Ogun State, to the Economic and Financial Crimes Commission (EFCC). The Customs’ Area Comptroller at the Idiroko Border Command, Comptroller Mohammed Shuaibu, handed over the foreign currency to operatives of the EFCC at Idiroko in Ipokia Local Government Area of Ogun State. In his remarks, Comptroller Shuaibu said the foreign currency was being smuggled by a yet-to-be identified courier from Nigeria to Benin Republic, through the Idiroko border, before it was intercepted. In his response, EFCC’s Head of Investigations at the Lagos Zonal Directorate-Two, Moses Oguzi, commended the Management of the Nigerian Customs Service for its vigilance and commitment towards safe-guarding the nation’s borders. Following the development, operatives of the Lagos Zonal Directorate-Two of the EFCC have launched an investigation into the money, which is an equivalent of N17m (Seventeen Million Naira). EFCC spokesman, Dele Oyewale, who confirmed the development in a statement, reminded members of the public that the failure to declare huge sums of cash on transit amounts to a violation of the Anti-Money Laundering (Prevention and Prohibition) Act, 2022 and the Foreign Exchange (Monitoring and Miscellaneous Provisions) Act, 1995.