Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Lamorde, has stated that currency declaration by travellers out of Nigeria amounted to $12.058 billion in three years.
He made the disclosure in Abuja at the opening ceremony at the opening ceremony of a five-day inter-agency training programme on, Cross Border Financial Investigation organized by the United States Department of Homeland Security.
Lamorde said currency declaration in 2012 was $9.9 billion. In 2013, it dropped to $1.324 billion as Nigeria stepped up surveillance at the airports.
“There was a further drop in 2014 as currency outflows recorded an all- time low of $807,585,061.70″.
He called for improved financial intelligence gathering by the anti-graft agency and other law enforcement agencies in the country to check flow of illicit funds, if the war on terror must be won.
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