The Economic and Financial Crimes Commission (EFCC) has launched an investigation into two travelers, Mamud Nasidi and Yahaya Nasidi, who were arrested for allegedly failing to declare foreign currency in their possession at the Murtala Muhammed International Airport, Ikeja, Lagos.
According to a statement issued on Saturday, October 11, 2025, by Dele Oyewale, Head of Media and Publicity at the EFCC, operatives of the Lagos Zonal Directorate 2 commenced the probe following the arrest of the suspects by officials of the Federal Airports Authority of Nigeria (FAAN) during a routine check.
The suspects were reportedly found with $6,180,000 and £53,415 in undeclared cash upon arrival from Dubai, en route Addis Ababa, and were scheduled to board a connecting flight to Abuja.
After their arrest, FAAN officials handed the suspects over to the Department of State Services (DSS), which subsequently transferred them to the EFCC for further investigation and possible prosecution.
Three mobile phones were also recovered from the suspects as exhibits.
The EFCC confirmed that the suspects and the seized items were received by CSE Margaret Lamai on behalf of the Acting Zonal Director, Lagos Zonal Directorate 2, ACE I Ahmed Ghali.
The Commission said investigations are ongoing to determine the source and intended use of the undeclared funds.
Suspected gunmen stormed the National Institute for Policy and Strategic Studies in Kuru, near Jos,…
The Sultan of Sokoto and President-General of the Nigerian Supreme Council for Islamic Affairs (NSCIA),…
Tunisia have become the first team to sack their coach at the ongoing 2026 FIFA…
The Peoples Democratic Party (PDP) has won all 21 chairmanship and 226 councillorship seats in…
Eight people were confirmed dead on Monday after a U.S. Air Force B-52 Stratofortress bomber…
United Capital Group has acquired a five per cent equity stake in Nigerian Exchange Group…
This website uses cookies.