Kenya Police Arrest a Nigerian With Suspicious N454million Cash

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The huge cash was gotten from Bala a Dubai-bound. He was arrested at the airport last Friday, with the Assets and Recovery Agency, suspecting it could be money obtained through criminal activities.

A High Court in Kenya on Wednesday ordered over N454million (KSh100 million) that was confiscated from a Nigerian national, Muazu Bala, at the Jomo Kenyatta International Airport to be deposited at Central Bank of Kenya –Sahara Reporters

The latest update from Kenya Report, said Bala was arrested at the airport last Friday with the cash, with the Assets and Recovery Agency, suspecting it could be proceeds of crime or money laundering.

ARA had on Tuesday filed a case in court seeking orders to freeze the cash.
The money seized from Bala last Friday is in three denominations; US dollars (880,000), Euros (60,000) and Naira (63,000).

“To effectively investigate the matter, DCI Transnational Organized Crime Detectives are working with the ARA. The seized cash is believed to be from International Criminal Cartels,” says the DCI.

“His failure to declare that he was carrying such a huge amount or documents to support the legitimacy of the cash, raises suspicion of money laundering,” says ARA.

Bala said in the court documents that the cash was for conducting business in Dubai.
However, he did not have any supporting documents on the nature of the said business, or authorisation to move large amounts of cash.

Cash of over $10,000 (about Ksh1 million) is subjected to approval in some Airports. While having large amounts of cash is technically not illegal, failure to declare it may lead to confiscation.

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