By our Reporter
The Ogun Area 1 Command of the Nigeria Customs Service (NCS) has intercepted 7 million CFA francs (₦17 million) being smuggled from Nigeria to the Republic of Benin.
The cash, concealed in 5,000 CFA denominations, was discovered during a routine baggage search at the border.
In a statement on its X handle, the NCS confirmed that the seized funds had been handed over to the Economic and Financial Crimes Commission (EFCC) for further investigation.
Customs Area Controller, Comptroller Muhammad Shuaibu, briefed journalists in Idiroko, stating that the interception occurred on March 20, 2025. He explained that the operation aligned with Sections 4(e) and (f) of the NCS Act 2023, which focus on smuggling suppression and border enforcement.
Shuaibu emphasized that while travelers can carry cash, amounts exceeding $10,000 must be declared in compliance with the Anti-Money Laundering Act 2022 and the Foreign Exchange Act 1995. “Failure to declare such funds constitutes money laundering,” he warned.
Although no arrests were made, the Controller reaffirmed the NCS’s commitment to enforcing federal fiscal policies and deterring smuggling activities.
Receiving the seized funds, EFCC Assistant Commander Moses Oguzi praised Customs for their vigilance. “This interception underscores the importance of interagency collaboration in combating money laundering and illicit financial flows. A thorough investigation will determine the source and purpose of these funds,” he stated.
