EFCC Arraigns Two Businessmen For Failure To Declare Over $4m Found On Them

The Economic and Financial Crimes Commission, EFCC,
yesterday arraigned two businessmen identified as Ojukwu
Nnamdi Rowland and Ngene Linus Chibuike before Justice
Ibrahim Buba of the Federal High Court, Lagos on one count
charge bordering on bulk cash movement and money
laundering.

Ojukwu and Ngene who are businessmen and were traveling
to China for business, were arrested after failing to declare US
$2,917,272 (Two Million, Nine Hundred and Seventeen
Thousand, Two Hundred and Seventy Two United States
Dollars) and US$2,506,998 (Two Million, Five Hundred and Six
Thousand, Nine Hundred and Ninety Eight United States
Dollars) found on them respectively at the Muritala
Mohammed International Airport on October 8th.
The charge against Ojukwu read:
"That Ojukwu Nnamdi Rowland on or about the 8th
day of October, 2015 at Murtala Muhammed
International Airport within the jurisdiction of the
Federal High Court had in your possession cash in the
sum of US$2,917,272 (Two Million, Nine Hundred and
Seventeen Thousand, Two Hundred and Seventy Two
United States Dollars) during your outbound clearance
for travel to Addis Ababa and failed to declare the
said sum of US$2,917,272 to the officers and men of
the Nigeria Customs Service as required under the
provision of section 2(3) of the Money Laundering
(Prohibition) Act, 2011 (as amended by Act No.1 of
2012) and thereby committed an offence punishable
under Section 2(5) of the Money Laundering
(Prohibition) Act, 2011(as amended by Act No. 1 of
2012)”.
Ngene's charge read:
"Ngene Linus Chibuike on or about the 8th day of
October, 2015 at Murtala Muhammed International
Airport within the jurisdiction of the Federal High
Court had in your possession cash in the sum of US
$2,506,998 (Two Million, Five Hundred and Six
Thousand, Nine Hundred and Ninety Eight United
States Dollars) during your outbound clearance for
travel to China en-route Addis Ababa and falsely
declared the sum of US$11,500 (Eleven Thousand and
Five Hundred United States Dollars) to the officers
and men of the Nigeria Customs Service and thereby
committed an offence punishable under section 2(5)
of the Money Laundering (Prohibition) Act, 2011 (as
amended by Act No. 1 of 2012)."
Both men pleaded not guilty to the charges read to
them. The presiding judge adjourned their cases
to November 2 and granted them bail in the sum of
N50 million, one surety in like sum. The surety is to
have reliable means of livelihood and verifiable landed
properties.