Daily Trust· 1h ago· 1 min read
The Nigeria Customs Service (NCS) intensified anti-money laundering enforcement in the first half of 2026, has led to the interception of more than $1.72 million equivalent in undeclared foreign currencies at the nation’s airports and land borders as authorities stepped up efforts to curb illicit financial flows and strengthen compliance with currency declaration regulations.
Official data from the Service showed that the seizures, recorded between January and June 2026, comprised $1,592,900, 404,541 Saudi Riyals, seven million CFA francs, 28 Chinese Yuan, and 20 Ghana Cedis, with most of the interceptions involving passengers arriving from Saudi Arabia through the Mallam Aminu Kano International Airport.
The sustained crackdown highlights Customs’ growing role in safeguarding Nigeria’s financial system by preventing the movement of undeclared cash linked to money laundering,…
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