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The Nigeria Customs Service NCS in collaboration with Nigeria’s Anti-Graft Agencies the Economic and Financial Crimes Commission EFCC, the Independent Corrupt Practices and other Related offences Commission ICPC have intensified campaigns against illegal and unauthorised movements of cash to and from Nigeria.
The stakeholders engagement in Kano state North West Nigeria, brought together Bereau de change operators, Airlines operators, Kano state Chambers of Commerce, Pilgrims Board and travel agencies with the aim of educating stakeholders on legal frameworks governing cash movement in and out of Nigeria.
According to the Customs Controller Kano – Jigawa Command Dalhatu Abubakar, the engagement will not only highlight consequences of the illegality of cash movements but also foster synergy among regulatory agencies and stakeholders, ensure compliance and identify challenges encountered by stakeholders.
He noted that the Nigeria Customs have intercepted illegally, unauthorised and undeclared currencies in Lagos, Kano, Abuja, and Daura border, attributing it to ignorance urging stakeholders to ensure currency declaration with the customs.
He said, “no body will be happy to confiscate your money, it is your hard earned money. What the law required of you to do is simple, just to inform the customs officers on your way out and your way in and I have XYZ amount of money, nobody will collect it from you.”
Abubakar have assurance that the customs of today are friendly and offers valuable guides for travelers to achieve success.
The Resident Commissioner of ICPC, Ahmed Wada said the mandate of the agency to prevent corruption through enforcement and Public enlightenment and education expressing the commitment of stronger synergy for a better country.
Currency movement
He explained that, the public enlightenment on the laws governing currency movement is essential for the business community and Nigeria’s image.
“Over 180 countries across the world are assessed by the global network and they issue two lists every year. Black list and grey list. Countries of the black list are Miamar, Republic of North Korea and Iran. Ni country is allowed to transact business with them. Nigeria finds itself in a grey list since 2023 a long with other countries in Africa about 12 of them. So we need to do more that is why we are here.”
He noted that, Nigeria falls under the green list of countries, which is a great development, and urged Nigerians to collaborate to make the country corruption-free.
“It’s not the aim of the agencies to hunt anybody but to sensitize the public and stakeholders on the laws binding movement of currencies across borders.”
Also speaking, the EFCC Zonal Commander, Ibrahim Shazali, stated that the program is aimed at tackling the menace of illegal cash transactions across borders and within the country.
Tackling money laundering
He emphasised that laws have been put in place to regulate cash declaration before movement, which is geared towards tackling money laundering.
“Today is a joy, because we felt that there are so many issues that have to do with ignorance, hence this meeting will pave the way to curtail the problem of illegal cash transaction and movement geared towards achieving the set objectives.”
Also, the Kano State Chairman Bureau de Change Alhaji Sani Dada described the sensitization engagements as critical in boosting the image of Nigeria’s business Community to the outside world.
“It is very unfortunate that a lot of currencies were being confiscated from our members at airports and other places by regulatory agencies due to ignorance, which lead then to non declaration of the currencies they are carrying.”
Papers were presented on roles of Nigeria Customs Service at International Airports, overview of corrupt practices acts 2000 and Illegal cash movements at Nigerian Airports: consequences, legacies, frameworks and EFCC’s role.
Lateefah Ibrahim
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Legal Cash Movements: Nigeria Customs, EFCC, ICPC, Intensify Sensitisation – Voice of Nigeria
