Nigerian Civil Aviation Authority (NCAA) has directed all international airlines operating inbound flights to Nigeria, mandating them to inform passengers of the requirement to declare any funds exceeding $10,000 upon arrival.
Gatekeepers News reports that the directive was issued in a statement by Michael Achimugu, NCAA’s Director of Public Affairs and Consumer Protection on Monday.
The agency emphasised that the move is part of Nigeria’s efforts to strengthen its anti-money laundering and counter-terrorism financing (AML/CFT) measures in line with global standards.
The statement reads, “ 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 referenced above concerning the currency declaration requirements for inbound passengers.”
“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, the NCAA reiterates the following 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.”
Achimugu stressed that airline cooperation is essential to Nigeria’s commitment to aligning with international financial regulations.
He further warned that full compliance with the directive will be monitored closely, and any airline that fails to comply will face sanctions.
