Adamu Rabiu Mohammed, a man under suspect for attempting to travel with money worth $375, ooo has been arrested earlier this month at the Kaduna International Airport and handed to the Economic and Financial  Crimes Commission (EFCC) for further investigation.

Mr Mohammed was arrested at the Airport where he was scheduled to meet his Ethiopian airline flight which was headed for Dubai and was in possession of an amount of  $375,000 in cash.

The EFCC has confirmed on Wednesday that the suspect has been handed over to them for the investigation by the Customs who made the arrest and he will be arraigned before the court after the investigations have been completed.

The arrest comes up as Mr Mohammed has acted against the laws of the country.

The Central Bank of Nigeria (CBN) notes with concern the increasing trafficking of huge sums of foreign currency across the country's borders. This practice is in defiance of the extant dictates of Section 2 (subsection 3-5) of the Money Laundering (Prohibition) Act 2011 (as amended) which categorically states that:

·“Transportation of cash or negotiable instruments in excess of US$10,000.00 or its equivalent by individuals in or out of the country shall be declared to the Nigerian Customs Service.” (subsection 3).

Ghanaguardian.com