SSS Intercepts $10 million Cash at Lagos Airport

By Idowu Sowunmi

05 Feb 2011

The State Security Service (SSS) Friday intercepted huge cash -$10 million and I million euros - parked in four Ghana-Must-Go bags at the Murtala Muhammed Airport, Ikeja, Lagos.

THISDAY learnt that the money was brought in from Kano by two men who were said to be heading for Dubai. The two men have already been arrested.

It was learnt that the men arrived at the local airport and were moving towards the international airport to board Emirate Airlines to Dubai when they were intercepted.

The SSS men who intercepted them were said to have quickly alerted the Economic and Financial Crimes Commission over the matter.

Sources said EFCC has established two possible leads. One, that it may have been a case of money laundering or two, a possible case of terrorism financing.

It was feared that the money could be remnants of campaign funds by some politicians or being deployed to buy arms for terrorism financing and that the two men involved could be mere couriers.

THISDAY, however, learnt that the police have been involved in the matter and that the EFCC has already approached the police to have the case transferred to it since money laundering and terrorism financing falls under its purview.

Contacted over the matter, EFCC Spokesman Femi Babafemi said the commission was aware of the case.

He said: “We are aware of the development. The Chairman (Mrs. Farida Waziri) has asked our team in Lagos to liase with the Police to transfer the case to EFCC with a view to unravelling those behind the illegal movement of such huge cash so we can prosecute them.”

http://www.thisdaylive.com/articles/sss-intercepts-10-million-cash-at-lagos-airport/85813/

silami:

SSS Intercepts $10 million Cash at Lagos Airport

By Idowu Sowunmi

05 Feb 2011

The State Security Service (SSS) Friday intercepted huge cash -$10 million and I million euros - parked in four Ghana-Must-Go bags at the Murtala Muhammed Airport, Ikeja, Lagos.

THISDAY learnt that the money was brought in from Kano by two men who were said to be heading for Dubai. The two men have already been arrested.

It was learnt that the men arrived at the local airport and were moving towards the international airport to board Emirate Airlines to Dubai when they were intercepted.

The SSS men who intercepted them were said to have quickly alerted the Economic and Financial Crimes Commission over the matter.

Sources said EFCC has established two possible leads. One, that it may have been a case of money laundering or two, a possible case of terrorism financing.

It was feared that the money could be remnants of campaign funds by some politicians or being deployed to buy arms for terrorism financing and that the two men involved could be mere couriers.

THISDAY, however, learnt that the police have been involved in the matter and that the EFCC has already approached the police to have the case transferred to it since money laundering and terrorism financing falls under its purview.

Contacted over the matter, EFCC Spokesman Femi Babafemi said the commission was aware of the case.

He said: “We are aware of the development. The Chairman (Mrs. Farida Waziri) has asked our team in Lagos to liase with the Police to transfer the case to EFCC with a view to unravelling those behind the illegal movement of such huge cash so we can prosecute them.”

http://www.thisdaylive.com/articles/sss-intercepts-10-million-cash-at-lagos-airport/85813/

Genius