Kenyan police arrest Nigerian man on his way to Dubai with 454 million suspicious money
Nigerian man Muazu Bala was captured by the Kenyan police after being found with a suspicious amount of money.
According to SaharaReporters, the High Court of Kenya on Wednesday ordered over N45 454 million (KSh 100 million) to be deposited with the Central Bank of Kenya, which were confiscated from Muazu Bala at Jomo Kenyatta International Airport.
Bala was arrested at the airport with cash at the Asset and Reconstruction Agency last Friday, according to KenyaReport, suspecting it could be proceeds of crime or money laundering.
On Tuesday, ARA filed a lawsuit demanding a money freeze.
The money seized at Bala last Friday has three bills; US dollars (880,000), euros (60,000) and naira (63,000).
“DCI’s transnational organized crime detectives have partnered with ARA to effectively investigate this issue. The confiscated money is believed to have come from international criminal cartels. “ says DCI.
Bala was heading to Dubai.
“His failure to declare that he had such a large amount of money or documents confirming the legality of the money raises suspicions of money laundering,” says ARA.
In court documents, Bala said the money was for doing business in Dubai.
However, he had neither supporting documents about the nature of this activity, nor permission to transfer large sums of money.
Most international airports need to declare more than USD 10,000 (approximately Ksh 1 million) in currency. While holding large sums of money is not technically illegal, refusing to report can result in forfeiture.