The Nigerian Monetary Intelligence Unit (NFIU) has insisted that it’s obligatory for air travellers at worldwide airports to declare money above $10,000 on the level of checking into plane.
In response to an announcement by the Nigerian Customs Service (NCS), this was made identified by the Deputy Normal Supervisor, Foreign money Operations Division of NFIU, Murtala Muhammed Worldwide Airport (MMIA), Maryesther Eworitse, at a two-day capacity-building workshop in Lagos.
The Nigeria Customs Service (NCS), on the occasion, said that it has partnered with the Financial and Monetary Crimes Fee (EFCC) and the NFIU to strengthen Nigeria’s anti-money laundering and counter-terrorism financing framework.
Representing the NFIU, Eworitse, counseled the NCS for fostering sturdy institutional collaboration. She disclosed that joint intelligence operations had just lately uncovered suspicious money actions, together with a case involving over $6 million on the Lagos airport.
She added, ‘’The NFIU has put in foreign money declaration kiosks at worldwide terminals and intensified public sensitisation to remind travellers of the obligatory declaration of money above $10,000.’’
In the meantime, the Assistant Comptroller-Normal of Customs, Zone A, Mohammed Babandede, who represented the Comptroller-Normal of Customs, Adewale Adeniyi, mentioned the partnership underscores the significance of inter-agency collaboration in combating cash laundering and terrorism financing.
ACG Babandede famous that inter-agency collaboration stays a key coverage focus of the Comptroller-Normal’s administration, including that such partnerships have contributed considerably to nationwide safety efforts.
He defined that individuals had been drawn from the NCS, EFCC, Division of State Companies (DSS), Nigerian Immigration Service (NIS), and NFIU, reflecting a joint dedication to combating monetary crimes.
He mentioned, “The number of individuals was deliberate, specializing in officers from airports and land borders the place the motion of money and human site visitors is excessive. The coaching will allow individuals to alternate concepts and develop actionable outcomes.’’
He reaffirmed the Service’s dedication to securing Nigeria’s borders in opposition to illicit monetary flows and urged individuals to use the information gained to boost vigilance and compliance of their respective instructions.
Equally, the EFCC Head of Investigations, Lagos Zonal workplace, Shehu Muhammad, emphasised the essential function of synergy in dismantling refined monetary crime networks.
Muhammad mentioned, ‘’The Nigeria Customs Service performs a lead function within the foreign money declaration regime, whereas the EFCC handles investigations and prosecutions. Strengthening inter-agency synergy will enhance our effectiveness.’’
