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Saturday, 29 September 2012

Man arrested with 1 billion Naira cash at the airport- mentioned 20 prominent Nigerians as source of the money





Lamorde EFCC Boss
A 24 year old Nigerian , Abubakar Tijani Sheriff  was arrested by the Economic and Financial Crimes Commission (EFCC) for attempting to travel to Dubai with the sum of $7 million Dollars (About one billion Naira).
He was arrested at the Murtala Muhammed International airport,Lagos.
Authorities said that the money was proceeds from illegal deals and he suspect a money laundering courier. He has already mentioned 20 prominent Nigerians who are the owners of the money.
Information gathered by gistmaster indicates that Abudullahi is a regular traveller. He allegedly confessed that he is working for some prominent Nigerians who needs the money out of the country. Every year over one billion dollars are taken out of the country by suspects involved in corrupt practices.
The spokesperson for the EFCC Wilson Uwujaren stated in press statement that “The EFCC, on Thursday, September 27, 2012 arrested a bulk currency smuggler, one Abubakar Tijani Sheriff, for attempting to smuggle $7 million out of the country.
“The 24-year-old was arrested at the Murtala Mohammed International Airport in Lagos en route Dubai, United Arab Emirates. He was apprehended at the point of boarding the plane by operatives of the commission.
“When he was arrested, he declared that he had a total sum of $4.5million on him but thorough screen-ing and search showed that he was actually carrying $7,049,444 (Seven million, Forty Nine Thousand, Four Hundred and Forty Four United States Dollars).
Investigations by the EFCC showed that Sheriff is a regular traveler and one of several couriers of illegal cash suspected to be proceeds of crime. His claims in respect of his accomplices are still being investigated by the commission.
 “Travellers leaving the country are statutorily required to declare cash in excess of $10,000. How-ever, it is not sufficient to declare excess cash, under the provisions of the Money Laundering Act; the onus is on the person making the declaration to explain the source of the excess cash and the reason for the export.
By Niyi Tabiti

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