Money Laundering: EFCC Arrests Two With $238, 858

By Wilson Uwujaren- Ag. Head, Media & Publicity

The Economic and Financial Crimes Commission, EFCC has arrested two suspects over an attempt to smuggle more than $238,858 ( two hundred and thirty eight thousand, eight hundred and fifty eight United States Dollars) out of the country through the Nnamdi Azikiwe International Airport, Abuja.
One of the suspects, Abdulrasheed Ibrahim was nabbed on Wednesday November 7 as he prepared to board a Dubai, the United Arab Emirates bound Ethiopian Airline. A total of $188,858 (one hundred and eighty eight thousand, eight hundred and fifty eight United States Dollars) was found on him. He had declared the sum of forty five thousand USD ($45,000) only for a search on him to reveal additional $143, 858.

Further search reveal that he was carrying forty British Pounds and 5753grams of solid gold worth thirty four million five hundred and eighteen thousand naira (N34, 518,000).

The suspect is still being interrogated

The second suspect, Hyginus Ezedimbu was apprehended at the Nnamdi Azikiwe International Airport on November 3 as he prepared to board an Ethiopian Airline on his way to China. He was caught with $50,000 but he declared $49,971. Apart from under declaring the money in his possession, Ezedimbu could also not explain the ownership of the money, nor was he able to produce the receipt with which he purportedly purchased the forex from a Bureau De Change. Musa Adamu operator of Majia Bureau de Change, Abuja, who purportedly sold the currency to Ezedimbu has been questioned even as the suspect has been release on administrative bail, pending the conclusion of investigation.

The arrest of the duo comes on the heels of similar arrests at two of the nation’s other major gateway, the Murtala Mohammed International Airport, Lagos and the Mallam Aminu Kano Airport, Kano.

Abubakar Tijani Sheriff, who has since been convicted by a Federal High Court in Lagos, was arrested on September 27, 2012 at the Murtala Mohammed International Airport en route Dubai, United Arab Emirates for attempting to smuggle $7million out of the country.

When he was arrested, he declared that he had only $4.5million on him but thorough search showed that he was actually carrying $7,049,444 (Seven million, Forty Nine Thousand, Four Hundred and Forty Four United States Dollars).

Two days after Sheriff’s arrest, the anti-graft agency similarly apprehended one Nkem Sebastian for attempting to smuggle $286,000 out of the country. He was arrested as he prepared to board a plane for Dubai, the United Emirates en route China. When the money was discovered, Sebastian disclosed that he had only $200,000 on him. But a search revealed that he was actually carrying $286,000.

On Sunday, September 30, 2012 operatives of the Commission arrested one Alhaji Tasiu Ilu Kura, a businessman with $700,000 (about N112m) at the Mallam Aminu Kano International Airport, Kano. The suspect who hails from Kura Local Government in Kano State, was arrested en route Dubai, United Arab Emirates.

Under declaring cash at entry and exit points in the country are criminal offence and the person making the declaration risk losing 25 percent of the money not declared or a two year jail term; or both.
 
Wilson Uwujaren
Ag. Head, Media & Publicity
 

Comments
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The sense of judgement of

The sense of judgement of many of the commentators is shocking. I am beginning to mistrust the sense of judgement of an average Nigerian likewise. The law say you must declare specific amount of funds when you are traveling out of the country. That is the law. It does not say plus or minus this or that amount. Even if you miss it by N1 or $1, you've broken the law. Its left for the judge to use his/her discretion to decide your fate. The rule is the rule. That's how sane societies are made. They depend on law enforcement to function. No emotion, no sentiment, just stay by the rule.

go to hell EFCC

u fools of d EFCC should go and die in hell BASTARDS

Joke apart

EFCC has turned into Customs always looking for money to share from.
Tell me, hence most Nigerian traders are not well educated, they do simple BUY & SELL.
After selling their goods and decides to travel to China or Dubai to purchase more, How does EFCC want them to carry their amount? Wire it to China and trust the Chinese bank to give good exchange rate.
Why govt allow Black market / Bureu de change and turn around to await ordinary traders at the airport. Is dollar spent in Nigeria?

Go and ask other countries how their govt handles allocations so that one gov does not have control over state fund
What is security vote?
If you ask Gov and his entourage to use their own money to travel and expense it at the end of the month and use check and vouchers to transact govt business, there will be no money to launder abroad.

It takes a whole community for corruption to thrive!

Hotels and businesses spring up as if conjured by magic. citizens suddenly become rich aquiring assets and leaving them to rot. The only organisation tackling money laundering is the EFCC.

It is indeed sad when Nigerians, instead of supporting and empowering the institutions that are trying to make a change in society despite the neagtive odds, completely discredit any work or progress done by these instutions.

corruption is not just an activity for politicians and big big people...like they say it takes an environment of corruption to foster corruption, everyone must be investigated prosecuted and punished even seemingly innocent bureau de change operators!!

Money Laundering a disturbing Nigerian culture

Money Laundering is a disturbing Nigerian culture. Hotels and businesses spring up as if conjured by magic. citizens suddenly become rich aquiring assets and leaving them to rot. The only organisation tackling money laundering is the EFCC.

It is indeed sad when Nigerians, instead of supporting and empowering the institutions that are trying to make a change in society despite the neagtive odds, completely discredit any work or progress done by these instutions.

corruption is not just an activity for politicians and big big people...like they say it takes an environment of corruption to foster corruption, everyone must be investigated prosecuted and punished even seemingly innocent bureau de change operators!!

uhm

See this Stupid people,Who doesn't know Abdulrasheed is a Gold Machant in Kd. Please free this Innocent people make them go do their Business jor. Government official pass thru the same airport with millions of dollars na Sir Sir una go de do without you guys checking there luggage.I am very sure una go share the money at the end.

Money laundering

EFCC please give us a break............

ABDULRASHEED IBRAHIM IS A GOLD MERCHANT IN KADUNA CENTRAL MARKET

I was shocked to see Abdulrasheed's pictures plastered on Sahara. We all know him as a big time gold merchant in Kaduna central market-he sells the best gold designs.I have been buying gold from Raseed for the past 22 years. I am sure he was going to purchase gold in Dubai. I pray he comes out of his predicament!!!

efcc

It is a shame for efcc to publish such stories when there are bigger criminals who are the politicians in government steeling billions of dollars and taking the money out through the airports and nothing has been done.

I always cry for the injustice done to ordinary Nigerians, but we ordinary people always cry and tell Almighty God to help us deal with those unjust rulers that we have.

These people who want to travel and do business with their hard earned money are being harassed while crooks who steal public money are allowed to carry their loot out unharassed.

O God save us from these unjust rulers.

EFCC this is no news

From hope to Hogwash. when will you guys bring the indicted governors to justice ?

Hausas and Yorobas Hate Money

They so much hate money and only Ibos love money. Yes, that is why these islamists ruined nigeria with greed- because they indeed hate money.

EFCC Arrests Two With $238, 858

What a display of shame by EFCC. They cannot prosecute government officials (Senators, Ministers, Executives, etc.) who are busy stealing and sharing billions of Naira even the tax payers money. Its unfortunate, lets forget this generation of Nigeria; its rooted with corruption and nothing more. EFCC is just a BIG disgrace.

This efcc is a total waste of

This efcc is a total waste of public money. What of politicians travelling in and out of the country on weekly basis? How many have you intercepted? I beg leave the man with 50K, jare! What is the limit to be taken out of the country? By the way, is the USD your currency?

UNFAIR ARREST OF HYGINUS

RELEASE HYGINIUS BECAUSE IT DONT MAKE SENSE THAT ONLY $29 IS DIFERENCE IN HIS DECLARATION. THE OTHER MALLAM ABDULRAHEED IS UNDER BY $150000 WHICH IS CLEAR PLAN TO DECEIVE BUT HYGINIUS SHOULD GET HIS MONEY AND GO AND DO HIS WORK. I HOPE YOU CUSTOMS PEOPLE ARE NOT TARGETING HIM BECAUSE HE IS IBO AND YOU WANT TO KEEP HIS MONEY.

EFCC is not even ashamed of

EFCC is not even ashamed of publishing this rubbish when they cannot prosecute those government officials, (senators, ministers, executives, etc) stealing billions of Naira from Nigeria coffer. This is a shear display of shame.

A growing and disturbing trend!

Apart from the stated crime of money laundering, there should be an underlying reason(s) for this form of crime. This is now a mirror image of drug trafficking aimed at making money. In this particular case the money is already there to be trafficked outside the country, for what? What did they intend to buy with this money? Moreover, the major destination is Dubai! Why Dubai? How long has this trafficking been taking place undetected? Is the Dubai link highly significant and strategic? What is that attractive in Dubai as such? Don't tell me gold because one of those suspects was to smuggle gold to Dubai! Is there an eventual aim to purchase arms with these smuggled funds? The EFCC may not know this since its handle is financial crime busting, but other arms of the Nigerian Security system must step into this matter to determine the reason(s) for this growing and ugly trend. Dubai authorities might not allow such raw cash across its borders but what about crime syndicates there?

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