The Economic and Financial Crimes Commission (EFCC) on January 23, 2013 arrested the duo of Moghalu Maduakonam and Esho Femi David at the Nnamdi Azikwe International Airport, Abuja for attempting to smuggle $240,000 out of the country.
While Maduakonam was travelling to Dubai, United Arab Emirates with $200,000.00 which he failed to declare, Istanbul, Turkey-bound David declared only $5,000 out of $40,050 in his possession.
According to EFCC, the suspects have made useful statements and they will be charged to court as soon as investigation is concluded.
Two days ago, precisely on January 23, 2013, a Federal High Court sitting Abuja and presided over by Justice Adamu Bello convicted one Mallam Abulrasheed Ibrahim for the offence of money laundering.
He was arrested on Wednesday November 7, 2013 by operatives of the commission as he prepared to board a Dubai, United Arab Emirates-bound Ethiopian airline, at the Nnamdi Azikwe International Airport when he declared the sum of $45,000 but a search revealed additional $143,858.
Justice Adamu Bello ruled that 25 per cent of the total sum, which is $188,858 be forfeited and paid into the Federal Government Treasury by the court accountant and the remaining money returned to the convict through his counsel.
