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Mystery Millions Uncovered! ₦653m in Hidden Cash Forfeited to Nigeria
A Federal High Court in Kano has ordered the forfeiture of foreign currencies valued at ₦653 million to the Federal Government following the conviction of one Salisu Ahmad, who failed to declare the funds on arrival in Nigeria.....KINDLY READ THE FULL STORY HERE▶
Justice S.M. Shuaibu delivered the ruling after Ahmad pleaded guilty to a one‑count charge of non‑declaration of monetary instruments filed by the Economic and Financial Crimes Commission (EFCC).
The undeclared cash—comprising $420,900, £5,825, CFA3,946,500, and Cameroonian CFA224,000—was discovered hidden in Ahmad’s luggage, wrapped in polythene and cloth, when he landed at Mallam Aminu Kano International Airport on July 7, 2025, aboard an Ethiopian Airlines flight from Saudi Arabia.
According to a statement issued on Thursday by EFCC spokesperson Dele Oyewale, Ahmad told investigators he was transporting the money on behalf of his brother, Auwal Ahmad, based in Saudi Arabia, and was instructed to deliver it to two individuals, Yusuf Adamu and Abdulhamid Rabiu, who were also arrested.
The EFCC charged Ahmad under Sections 3(3) and 3(5) of the Money Laundering (Prevention and Prohibition) Act, 2022, which require full disclosure of funds exceeding approved limits when entering the country.
“That you, Salisu Ahmad, on or about the 7th of July, 2025, at Mallam Aminu Kano International Airport, failed to declare the sums collectively valued at ₦653,000,000 into Nigeria from Saudi Arabia aboard Ethiopian Air (ET940) and thereby committed an offence contrary to Sections 3(3) and 3(5) of the Money Laundering (Prevention and Prohibition) Act, 2022,” part of the charge read.
Justice Shuaibu subsequently convicted Ahmad based on his guilty plea and ordered that the entire amount be forfeited to the Federal Government, marking yet another EFCC victory in the fight against money laundering.
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