The Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Lamorde, has stated that currency declaration by travelers 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. It was organised for officers of the Nigeria Police Force, NPF; Nigeria Immigration Service, NIS; Nigeria Customs Service, NCS; National Drug Law Enforcement Agency, NDLEA, and the EFCC.. 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 i...
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