A Nigerian known as Mu’azu Bala with N454 million cash at Jomo Kenyatta International Airport has been arrested by the Kenya Police Authority.
The Kenya Police Authority has approached a court, according to Sahara Reporters, which ruled that the money should be deposited at the Kenya Central Bank before the investigation is completed by the police.
The cops believe that the money could be money laundering or crime proceedings. Bala Mu’azu, the arrested Nigerian, said the money was for a company in Dubai, but there was no paper to back up his assertion.
Money laundering is a transnational offense, but transferring money from one country to another is not an offense. However the money must be reported at the airport, and failure to report it could lead to the money being forfeited.
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