US dollars
The Economic and Financial Crimes Commission (EFCC) has arrested one Sani Abdullahi, at the Malam Aminu Kano International Airport, over alleged money laundering.
Abdullahi was arrested during the screening of passengers boarding the China bound Ethiopian Air from Kano.
He was alleged to have failed to fully declare the sum of 207,000 dollars (N63,135,000) in his possession.
According to a statement issued in Abuja on Wednesday by EFCC spokesman, Mr Tony Orilade, Abdullahi declared the sum of 86,000 dollars (N26,230, 000) but concealed the sum of 121,000 dollars (N36,905,000)
Orilade said the concealed amount was discovered after he was searched by operatives of the commission.
The News Agency of Nigeria (NAN) reports that the offence is contrary to the Money Laundering Act 2011 (as amended).
Orilade, however, said the suspect had been granted administrative bail and would soon be charged to court.
