The Economic and Financial Crimes Commission has arrested a suspected bulk currency smuggler, Abubakar Tijani Sheriff, for attempting to smuggle $7m out of Nigeria.
Although the details of the arrest were sketchy at press time, Saturday PUNCH gathered that the 24-year-old was arrested on Thursday at the Murtala Mohammed International Airport in Lagos on his way to Dubai, the United Arab Emirates.
The suspect is being detained in the commission’s custody in Lagos pending his arraignment in court.
He was said to have escaped security scrutiny from other agencies at the airport but was apprehended at the point of boarding the plane by operatives of the commission.
When contacted, the spokesperson for the EFCC, Mr. Wilson Uwujaren, confirmed the arrest.
The commission warned travellers, who, for any reason, want to move bulk cash out of the country, to “do so through the banking system; otherwise, they must be prepared to declare it and explain the source of the money.”