The Economic and Financial Crimes Commission (EFCC) has launched an investigation into two travellers, Mamud Nasidi and Yahaya Nasidi, who were arrested for allegedly failing to declare $6,180 and £53,415 found in their possession at the Murtala Muhammed International Airport (MMIA), Ikeja, Lagos.
According to a statement by the Commission, operatives of the Federal Airports Authority of Nigeria (FAAN) intercepted the suspects during a routine security check on Saturday, October 11, 2025, shortly after they arrived in Nigeria from Dubai via Addis Ababa and were preparing to board a connecting flight to Abuja.
The EFCC said upon interception, both men were reportedly questioned about the foreign currencies they carried but failed to make the mandatory declaration as required under Nigerian law.
He said they were subsequently handed over to the Department of State Services (DSS), which later transferred them to the EFCC’s Lagos Zonal Directorate 2, located on Okotie Eboh Street, Ikoyi, for further investigation and possible prosecution.
According to the commission, in addition to the undeclared funds, three mobile phones were recovered from the suspects.
The EFCC confirmed that the items and the accused persons were received by CSE Margaret Lamai on behalf of the acting Zonal Director, Assistant Commander of the EFCC (ACE I) Ahmed Ghali.
The Commission stated that the suspects are currently being interrogated to determine the source and purpose of the funds, as well as possible links to money laundering or other financial crimes.
The EFCC reaffirmed its commitment to enforcing financial transparency at Nigeria’s entry and exit points, stressing that all travellers are required by law to declare any cash or negotiable instruments exceeding $10,000 or its equivalent upon arrival or departure.
Investigations are ongoing, and the suspects will be charged to court as soon as findings are concluded.
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