A young man identified as Sani Abdullahi, has been nabbed this afternoon by men of the Economic and Financial Crime Commision(EFCC) at the Malam Aminu Kano International Airport, allegedly for money laundering crime.
The arrest of Mr. Abdullahi took place during the screening exercise of China bound Ethiopian from Kano city.
The EFCC alleged him of deliberately obscuring an amount of 207,000 US dollars cash, translating N63,135,000 in his possession failing to declare it fully.
In a statement issued by Mr Tony Orilade; EFCC spokesman, in Abuja on Wednesday 9th January 2019 , stated that“ Abdullahi only declared the sum of 86,000 dollars (N26,230, 000) but concealed the sum of 121,000 dollars (N36,905,000)
The EFCC spokesman said the obscured amount was got wind of after the men of the commission meticulously searched him.
The offence is punishable under the Money Laundering Act 2011 (as amended).- Bightnews learnt according to reports.
Tony Orilade, however, said Mr. Sani Abdullahi; The alleged financial crime victim had been granted administrative bail and would be charged to court soon.
