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NCAA Warns Foreign Airlines Against Flouting Anti-Money Laundry Laws

EconomyFoot Print by EconomyFoot Print
July 23, 2025
in Aviation, News, Top News
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The Nigeria Civil Aviation Authority (NCAA) hereby reminds all international airlines operating inbound flights to Nigeria to strictly comply with the provisions of the directive of currency declaration requirements for passengers.

According to a statement signed by Michael Achimugu, the Director, Public Affairs and Consumer Protection of the NCAA, the directive is in line with Nigeria’s ongoing efforts to strengthen its Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) framework, in accordance with international standards and obligations.

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The NCAA also reiterates the below directives to all international airlines:

“Make inflight or pre-landing announcements informing passengers of their legal obligation to declare any currency or Bearer Negotiable Instruments (BNI) exceeding $10,000 USD or its equivalent upon arrival in Nigeria.

“Distribute currency declaration forms onboard for passengers to complete before landing.

The NCAA has received reports indicating that some airlines are yet to comply with this directive.

The NCAA called for the cooperation of all international airlines operating in Nigeria for it is critical to supporting the country’s efforts to align with global financial standards.

Accordingly, the Authority emphasized that full implementation of this directive—particularly as it concerns inbound passenger declarations—is of utmost importance.

The NCAA said compliance will be closely monitored, and non-compliant airlines will face appropriate sanctions.

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