Economy
EFCC investigates professor arrested at airport carrying 1m dollars
The Nigeria Customs Service (NCS), Murutala Muhammed Airport Command intercepted a Nigerian professor carrying one million dollars on his way to Kenya, an official said on Wednesday. The Customs Area Comptroller at the airport, Mr Charles Edike, told newsmen in Lagos that the professor had been handed to the Economic and Financial Crimes Commission (EFCC) for further investigations.
He said that although the professor declared the money to customs officers at the airport, “the source of the money was not clear. He claimed to be the director of a company, A-Z Petroleum.” He said he was carrying the money to Kenya to settle a dispute with a community over oil blocks. “We were not comfortable with what he said, we have handed him over to the EFCC,” Edike said. He also said that the command intercepted 12 million dollars from 14 persons in 2012, adding: “All the 14 persons have been handed to the EFCC for prosecution.”
Edike said the command generated N35 billion in 2012 as against N34 billion in 2011. “Although we had more cargos in 2011, we generated more revenue in 2012. This was based on our insistence that every waybill must be accounted for,” he said.
-
News1 day agoCourt orders British Govt. to pay £420m to 21 coal miners killed by colonial masters
-
Agriculture1 day agoOver 2.5m metric tonnes of food valued N2trn produced in 2yrs—FG
-
Maritime1 day agoNIMASA mulls expansion of deep blue project, calls for continued partnership with Navy
-
Economy1 day agoBPE, stakeholders unite to rollout $500m free meters, DisCos pledge to lead drive
-
Finance1 day agoCBN cuts 1-Year Treasury Bill rate, rejects Bids
-
Business1 day agoMTN to acquire controlling stake in IHS Holdings, eyes full ownership
-
Oil and Gas1 day agoDangote refinery backs gantry loading, cautions against costly coastal evacuation
-
Economy4 hours agoDubai’s consumer electronics maker, Maser Group to invest $1.6bn in Nigeria, others

You must be logged in to post a comment Login