A 36-year-old man, Saho Ebrima, was on Wednesday arraigned at a Federal High Court in Lagos over alleged false declaration of travelling funds.
The accused is charged by the Economic and Financial Crimes Commission (EFCC) with offence bordering on failure to completely declare sums of money in his possession while attempting to travel out of the country.
The Prosecutor, Mr V.O. Agboje, told the court that the accused committed the offence on Aug. 9, 2015 at the Murtala Mohammed international Airport in Lagos.
He said that during the outbound clearance of a flight to China, the accused, who had 75, 000 dollars in his possession, failed to declare the entire sum to Nigeria Custom Service (NCS).
Agboje said that the accused only declared 20,000 dollars as being the only cash in his possession.
According to him, the undeclared sum was eventually discovered by men of the NCS, who consequently arrested the accused.
He said the offence contravened the provisions of sections 2(5) of the Money Laundering Prohibition Act, 2012.
The accused pleaded not guilty to the charge, and was admitted to bail by Justice Saliu Saidu in the sum of N2 million with two sureties in like sum.
The judge ordered that one of the sureties should be a blood relation of the accused, and adjourned the case till Oct. 7 for substantive trial. (NAN)
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Source:: Nigerian Pilot