A Chinese national, Li Yanping has gotten a bail of N10million after he was arrested and arraigned at a Federal High Court sitting in Abuja for allegedly trying to smuggle the sum of $300,000 (N108m) out of Nigeria to Dubai, United Arab Emirates.
Nigeria's anti-graft agency, the Economic and Financial Crimes Commission arraigned Yanping, before Justice Babatunde Quadri after he was arrested for failing to inform officers of the Nigerian Customs Service as required by Section 2 (3) of the Money Laundering (Prohibition) Act, 2011 (as amended by Act No. 1 of 2012).
Yanping was arrested by the Presidential Task Force on Trans Border Cash Movement on March 15, 2018, for failure to disclose the said sum while attempting to board an Emirate flight, EK 8786 en route to Dubai.
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