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EFCC arrests 24yr old trying to smuggle N1b cash to Dubai

One Abubakar Tijani Sheriff, 24, whom the Economic and Financial Crime Commission EFCC dubbed as a bulk money smuggler was about to smuggle the sum of  $7 million into Dubai when he was arrested at the Murtala Mohammed airport.

After series of interrogation, he declared he had the sum of $4.5 million on him but after much screening, the commission discovered that the whole sum was actually about $7 million. He did not only confess to the crime but claimed he was hired to be a courier for 20 individuals.

Sheriff, was identified as a regular traveller due to the nature of what he does, thereby adding that the claims made by Sheriff which links to his accomplices are been 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".

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