By Abdullahi Jalalludeen
The Independent Corrupt Practices and Other Related Offences Commission (ICPC), Economic and Financial Crimes Commission (EFCC), and Nigeria Customs Service (NCS) have collaborated to organize a sensitization meeting on the laws binding movement of currencies across borders.
The program aims to acquaint stakeholders with the laws and regulations governing cross-border currency movement.
Speaking during the sensitization program at Tahir Hotel Kano,. Resident Commissioner of ICPC, Ahmed Mohammad Wada, emphasized that the agency’s goal is not to hunt individuals but to sensitize the public and stakeholders on the laws governing currency movement.
He noted that Nigeria falls under the green list of countries, which is a great development, and urged Nigerians to collaborate to make the country corruption-free.
“It’s not the aim of the agencies to hunt anybody but to sensitize the public and stakeholders on the laws binding movement of currencies across borders.”
The EFCC Zonal Commander, Ibrahim Shazali, stated that the program is aimed at tackling the menace of illegal cash transactions across borders and within the country.
He emphasized that laws have been put in place to regulate cash declaration before movement, which is geared towards tackling money laundering.
“Today is a joy, because we felt that there are so many issues that have to do with ignorance, hence this meeting will pave the way to curtail the problem of illegal cash transaction and movement geared towards achieving the set objectives.”
The Area Controller of Nigeria Customs, Kano Jigawa Command, Dalhatu Abubakar, highlighted the importance of collaboration and innovation in tackling corruption.
He noted that the Customs have intercepted undeclared currencies in Lagos, Kano, and other places, and attributed the problems to ignorance.
“Laws require you to declare the amount of money you are carrying, with the declaration, no caution would be caused.”
Chairman Bureau de Change Kano Alhaji Sani Dada said the sensitization program was very timely.
” It very unfortunate that alot of currencies were being confiscated from our members at airports and other places by regulatory agencies due to ignorance ,which lead then to non declaration of the currencies they are carrying”
The meeting attracted participants from various sectors of financial sector.
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