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Nigerian Currency Courier Arrested While Trying To Export $7.5M Cash

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Nigerian Currency Courier Arrested While Trying To Export $7.5M Cash

Abubakar Tijani Sheriff

Sept 29, 2012 – Nigerian Currency Courier Arrested While Trying To Export $7.5m Cash

EFCC on Wednesday arrested a currency courier identified as Abubakar Tijani Sheriff as he attempted to smuggle $7.5 million out of Nigeria. naijagists.com

According to the anti-corruption agency, 24-year old Sheriff was nabbed at Murtala Muhammad Int’l Airport in Lagos State Nigeria enroute Dubai on a United Arab Emirates flight.

He declared he had $4.5m on him at the time of his arrest but after a thorough search, he was found in the possession of $7.5 million.

He later confessed he was a currency courier for twenty people who employed him to courier the money to Dubai for them.

“Investigations by the EFCC showed that Sheriff is a regular
traveller and one of several couriers of illegal cash suspected to be
proceeds of crime,” the commission adding that his claims concerning his accomplices are being investigated.

Travellers leaving the country are statutorily required to declare
cash in excess of $10,000. However, under the provisions of the Money
Laundering Act, it is not sufficient to declare excess cash; the onus is
on the person making the declaration to explain the source of the
excess cash and the reason for the export.

In a country where thousands are going hungry some people are busy smuggling dollars not naira o.

God dey o.

5 Comments

5 Comments

  1. Jeremiah Jerry

    September 30, 2012 at 12:23 PM

    my qestion is what's next of d money?

    • Charity Ulunnaya

      September 19, 2013 at 4:32 PM

      Mr Jeremiah Jerry, you really hit the nail on the head with your question. Your question was,”what happens to the money seized.” Well, personally though,and ofcourse, the citizens of Nigeria will also like to know what happens to the money seized.

  2. Frank Cool

    September 30, 2012 at 11:14 PM

    LET DE EFCC GO MORE ABT ASKING HIM DE NEED OF CARRYING SUCH AMOUNT OF TO ANOTHER COUNTRY.

  3. prince emeka

    September 30, 2012 at 11:18 PM

    ABEG ALL NIGERIAN TO PUT HANDS TOGETHER 4 DE BETTERMENT OF DIS COUNTRY COS TINS ARE GOING WORSE EVERY DAY,JOS LOOK AT SOME ONE WHO IS TAKING SUCH AMOUNT TO ANOTHER COUNTRY WAT A SHAMEFUL ACT IS DIS.

  4. Tunde Salami

    October 1, 2012 at 8:51 AM

    Happy Independent…….God go help us.

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