$7m Cash Smuggling: EFCC Arraigns Currency Trafficker Today

Fri, 19/10/2012 - 4:04am | TONY AMOKEODO and CHIKA ODITTAH

• News
• Crime

The Economic and Financial Crimes Commission, EFCC, will today arraign a currency trafficker, Abubakar Sheriff Tijjani, who was arrested in Lagos while attempting to smuggle $7.049million cash (about N1.1billion) to Dubai, United Arab Emirates.
The currency trafficker, who was arrested by the operatives of the EFCC at the Murtala Muhammed International Airport, Lagos on September 27, 2012, will be arraigned at a Federal High Court in Ikoyi, Lagos.
LEADERSHIP had exclusively reported on Tuesday, October 2, 2012 that 25-year-old Sheriff had confessed that he was working for 20 individuals, claiming that one of the sponsors (names withheld) gave him $2.8million   out of the said $7million cash for trafficking to Dubai.
The newspaper also reported that 18 traders had claimed ownership of the substantial part of the amount.
When the operatives of the EFCC apprehended the suspect, he claimed that he had $4.5million on him but a thorough screening and search showed that he was actually carrying $7,049million.
The suspect is expected to be arraigned under Section 12 of the Foreign Exchange (Monitoring and Miscellaneous Provisions) Act Cap.F34 Laws of the Federation of Nigeria 2004 and Section 2(5) of the Money Laundering Prohibition Act, 2011.

SOURCE 19 October 2012.