Tuesday, 14 July 2015

Currency trafficking: NDLEA intercepts $2,198,900


The National Drug Law Enforcement Agency (NDLEA) has intercepted the sum of two million, one hundred and ninety-eight thousand, nine hundred dollars ($2,198,900). The money was seized by anti-narcotic officials on the grounds of suspected money laundering at the local wing of the Murtala Mohammed Airport (MMA2) Lagos. One 46-year-old Ibiteye John Bamidele is being investigated in connection with the case. The suspect was apprehended on his way to Abuja.
Preliminary investigation conducted by the Assets and Financial Investigation Directorate of the NDLEA revealed that Ibiteye’s action is in contravention of the money laundering prohibition act 2011 as amended. He alleged that the money belongs to one Dr. Martins Olufemi Thomas, a medical practitioner in Lagos. Investigation conducted by the Agency did not link the money to proceeds of narcotics. However, a country having insurgency challenge cannot afford to ignore suspicious movement of large amount of money.
Consequently, the Chairman/Chief Executive, Ahmadu Giade has directed that the suspect and the exhibit be transferred to the Economic and Financial Crimes Commission (EFCC) for further action. According to Giade, “the outcome of preliminary investigation did not link the money to proceeds of narcotics. I have therefore directed that the suspect be transferred to the Economic and Financial Crimes Commission for further investigation”.
In his statement, the suspect claimed to be a Bureau De Change operator. “I used to work for Ebi Bureau De Change at the Federal Capital Territory (FCT), Abuja before I established my company with the name ND&C Global Investment Limited which is yet to be fully registered with the Corporate Affairs Commission (CAC). One of my clients, Dr. Martins Olufemi Thomas gave me the said amount to take to Abuja. I was arrested by NDLEA officers while checking-in the money at MM2 on my way to Abuja” Ibiteye stated.
 

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