In a determined move to strengthen compliance with Nigeria’s financial regulations, the Nigeria Customs Service (NCS), in collaboration with the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), organised a strategic sensitisation programme for key stakeholders involved in the movement of cash in and out of Nigeria.
The sensitisation event, held on Saturday, 26th April 2025, at the Main Hall of Tahir Guest Palace, Kano, was graced by Bureau de Change Operators, business owners, airline operators, travel agencies, and representatives from Pilgrim Boards, among others.
Speaking to journalists shortly after the session, the Customs Area Controller of the Kano/Jigawa Area Command, Comptroller Abubakar Dalhatu, explained the critical need for the enlightenment initiative.
“We felt there was a need to organise this sensitisation programme, in collaboration with EFCC and ICPC, to sensitise stakeholders who are directly dealing with the movement of cash in and out of Kano and Nigeria.” Comptroller Dalhatu said.
He added, “Sensitisation and enlightenment are part of our responsibilities. It is essential to remind stakeholders about the legal framework governing cross-border cash movements.”
The CAC recalled several recent incidents where Customs operatives intercepted undeclared foreign currencies at key points, including Lagos Airport, Abuja Airport, Daura Kongolam Border, and Malam Aminu Kano International Airport.
“The arrest and seizure of undeclared foreign currencies have become one too many. Therefore, there is a strong need to re-educate those involved about the legal requirement to declare any cash or negotiable instrument above $10,000 when travelling.” He explained.
Comptroller Dalhatu, also, expressed optimism that the renewed focus on stakeholder sensitisation would positively impact Nigeria’s international image and financial credibility.
“We are optimistic that this will improve Nigeria’s ratings and enhance the reputation of our country among the committee of nations. Doing the right thing brings positive change; doing the wrong thing brings consequences.” He added.
The Chairman of the WAPA Bureau de Change Operators, Alhaji Sani Dada, speaking on behalf of bureau operators, acknowledged the negative impact the lack of proper compliance has had on their businesses.
“We have recorded huge financial losses because of the indiscriminate movement of cash without notifying the relevant authorities to meet required standards. I sincerely hope that following this sensitisation, our members will adhere strictly to the regulations on cash movement and avoid actions that lead to unnecessary losses.” Alhaji Dada stated.
Meanwhile, delivering the closing remarks, the Commissioner of Police, CP Ibrahim Amadu Bakori, commended the organisers for prioritising public enlightenment and fostering collaboration between law enforcement and the business community.
“Today’s engagement is a necessary step toward building a compliant, responsible business environment. Stakeholders must understand that adherence to these regulations is not just a legal obligation but a patriotic duty towards securing our economy and safeguarding our country’s reputation.” CP Bakori said.
He further stated, “I urge all participants to apply the knowledge shared today in their day-to-day operations and work with law enforcement agencies to ensure compliance and protect Nigeria’s financial system.”
Participants at the event included the Zonal Director of the EFCC, Commissioner of ICPC Kano, Kano State Commissioner of Police, Chairman of WAPA Bureau de Change, representatives from Pilgrim Welfare Boards, Kano Chamber of Commerce, importers, exporters, customs clearing agents, airliners, and journalists.
