The Economic and Financial Crimes Commission (EFCC) has begun investigation into two travelers arrested for failing to declare large sums of foreign currency at the Murtala Muhammed International Airport, Ikeja, Lagos.
In a statement on Sunday, the Commission identified the suspects as Mamud Nasidi and Yahaya Nasidi, who were apprehended by operatives of the Federal Airports Authority of Nigeria (FAAN) during a routine check on Saturday, October 11, 2025.
According to the EFCC, the suspects were found with $6,180,000 and £53,415 in cash, which they allegedly failed to declare as required by law. The duo had just arrived in the country from Dubai, United Arab Emirates, en route Addis Ababa, Ethiopia, and were scheduled to continue their journey to Abuja.
Following their arrest, the travelers were initially handed over to the Department of State Services (DSS) before being transferred to the EFCC’s Lagos Zonal Directorate 2 in Ikoyi for further investigation and possible prosecution.
Also recovered from the suspects were three mobile phones, which have been taken into custody as exhibits.
The suspects and the seized items were received by CSE Margaret Lamai on behalf of the Acting Zonal Director, Assistant Commander of the EFCC (ACE I) Ahmed Ghali.
The EFCC said investigations are ongoing and that the suspects will be charged to court as soon as the process is concluded.
