The Economic and Financial Crimes Commission (EFCC) has commenced an investigation into two travellers apprehended with large sums of undeclared foreign currencies at the Murtala Muhammed International Airport, Terminal 2, Lagos.According to reports, the travellers were intercepted during routine checks by airport security officers, who discovered that they were carrying over $6,000 and £53,000 in cash — amounts which were not declared in accordance with Nigerian financial regulations.
The EFCC said the investigation aims to determine the source and purpose of the funds, as well as to establish whether the money was linked to money laundering, smuggling, or other financial crimes.Spokesperson for the Commission stated that both individuals have been detained for questioning, and the recovered foreign currencies have been taken into custody as exhibits pending the conclusion of the investigation.
The agency reiterated its commitment to enforcing financial laws and curbing illicit currency movements across Nigeria’s borders.