• Latest
  • Trending
EFCC arraigns Austrian over $800,575, €651,505 cash scandal

EFCC arraigns Austrian over $800,575, €651,505 cash scandal

January 9, 2026
Tinubu Directs Service Chiefs to Move to Borno

Tinubu Ends S/A Firm Monopoly, Opens N3trn Airtime Market

June 8, 2026
Nigerian Pilgrim Dies In Makkah

Kaduna Pilgrims Airlift From Saudi Begins June 15

June 7, 2026
Four bank staff in police net for alleged money laundering,  N270m fraud

Lagos Police Detain Nurse, Lab Attendant Over Threat Report

June 7, 2026
360 Freed as Troops Raid Boko Haram Enclave in Mandara

360 Freed as Troops Raid Boko Haram Enclave in Mandara

June 7, 2026
CAS Aneke shakes up Air Force, redeploys  senior officers

NAF Vows to Rescue Abducted Oyo School Victims, Backs Troops

June 7, 2026
https://www.firstbanknigeria.com/personal/loans/mreif-home-loan/
ADVERTISEMENT
PDP BoT Chair Wabara Visits Bode George in London Post-Surgery

PDP BoT Chair Wabara Visits Bode George in London Post-Surgery

June 7, 2026
IGP Hails FID-IRT for Rescue of Ex-Minister’s Sister, Twins

IGP Hails FID-IRT for Rescue of Ex-Minister’s Sister, Twins

June 7, 2026
£4.2 Recovered Loot: No Money Has Been Returned To Delta Govt- AGF’s Office

Malami Urges Rescue of Ex-APC Chair, 2 Kebbi Elders

June 7, 2026
Adelabu Family thanks Security Forces for Twins, Mother’s Rescue

Adelabu Family thanks Security Forces for Twins, Mother’s Rescue

June 7, 2026
ADVERTISEMENT
  • About US
  • Advert Rates
  • Privacy Policy
  • Contact
Monday, June 8, 2026
  • Login
No Result
View All Result
Present Nigeria
  • Home
  • News
    • Education
    • Health
    • Crime
  • Business
  • Politics
  • Entertainment
    • Lifestyle
  • Opinion
  • Sports
  • World News
  • Home
  • News
    • Education
    • Health
    • Crime
  • Business
  • Politics
  • Entertainment
    • Lifestyle
  • Opinion
  • Sports
  • World News
No Result
View All Result
Present Nigeria
No Result
View All Result

EFCC arraigns Austrian over $800,575, €651,505 cash scandal

by Present Nigeria
January 9, 2026
in News
0
EFCC arraigns Austrian over $800,575, €651,505 cash scandal
32
SHARES
64
VIEWS
FacebookTwitterWhatsappTelegram

An Austrian citizen, Kavlak Onal, has been arraigned on charges of failing to declare substantial amounts of foreign currency while attempting to leave Nigeria.

He was arraigned before Justice Yelim Bogoro of the Federal High Court sitting in Ikoyi , Lagos.

RelatedPosts

Tinubu Ends S/A Firm Monopoly, Opens N3trn Airtime Market

Kaduna Pilgrims Airlift From Saudi Begins June 15

Lagos Police Detain Nurse, Lab Attendant Over Threat Report

The Economic and Financial Crimes Commission (EFCC) brought two counts against Onal under Section 3(5) of the Money Laundering (Prohibition and Prevention) Act, 2022.

The charges allege that on or about December 13, 2025, he failed to declare $800,575 USD and €651,505 to officers of the Nigeria Customs Service (NCS) at the Murtala Muhammed International Airport (MMIA) in Ikeja, Lagos.

The combined value of the seized currencies is estimated at approximately ₦2.28 billion, based on prevailing exchange rates at the time of the incident.

Onal who was scheduled to travel on Emirates Airline to Dubai, was intercepted on Tuesday, December 16, 2025 during a routine check at the AML/ CFT Currency Declaration Desk at the Murtala Muhammed International Airport, Ikeja, Lagos.

He was preparing to board an Emirates Airlines flight to Dubai when customs officers discovered the undeclared cash in his possession. Reports indicate that Onal initially denied carrying any declarable currency when questioned.

Following the interception, the NCS formally handed over Onal, his passport, and the seized funds to the EFCC’s Lagos Zonal Directorate for further investigation. The case highlights ongoing inter-agency collaboration between the NCS and EFCC in combating illicit financial flows.

Nigeria’s regulations, aligned with international standards, require travelers to declare any amount of foreign currency exceeding $10,000 (or equivalent) when entering or exiting the country. Failure to do so is a serious offense aimed at preventing money laundering and terrorist financing.

During today’s proceedings, Onal’s defense counsel requested that he be remanded in EFCC custody pending a formal bail application.

The court has yet to rule on bail, and the case is adjourned for further hearing.

This incident comes amid heightened scrutiny of cash movements at Nigerian airports, following similar high-profile seizures in recent months. Authorities emphasize that such measures are critical to safeguarding the nation’s financial system.

The EFCC has stated that investigations into the source and intended purpose of the funds are ongoing, with prosecution proceeding in line with the law.

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)

Related

Share13Tweet8SendShareShare2
Previous Post

Singer, Asake reconciles with father, baby mama after allegation of abandonment

Next Post

(Video) Fmr Botswana President shares his experience at Ikogosi resort

Related Posts

Tinubu Directs Service Chiefs to Move to Borno

Tinubu Ends S/A Firm Monopoly, Opens N3trn Airtime Market

June 8, 2026
Nigerian Pilgrim Dies In Makkah

Kaduna Pilgrims Airlift From Saudi Begins June 15

June 7, 2026
Four bank staff in police net for alleged money laundering,  N270m fraud

Lagos Police Detain Nurse, Lab Attendant Over Threat Report

June 7, 2026
360 Freed as Troops Raid Boko Haram Enclave in Mandara

360 Freed as Troops Raid Boko Haram Enclave in Mandara

June 7, 2026
Next Post
(Video) Fmr Botswana President shares his experience at Ikogosi resort

(Video) Fmr Botswana President shares his experience at Ikogosi resort

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

PRESENT, a credible online newspaper from the cell of Red Carpet Communications Limited, is published by an experienced and profoundly resourceful journalist, Yemi Olowolabi.
It leads in lucid presentation of trending stories and breaking news in Politics, Business, Economy, Entertainment, Sports, Lifestyles and Other Features.
With a heritage of in-depth coverage and adept leverage of core professionals, PRESENT is the trusted witness of the news.

  • Privacy Policy
  • Contact Us
  • Advert Rates

© 2025 Present Nigeria. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Education
    • Health
    • Crime
  • Business
  • Politics
  • Entertainment
    • Lifestyle
  • Opinion
  • Sports
  • World News

© 2025 Present Nigeria. All Rights Reserved.