The Economic and Financial Crimes Commission (EFCC) has arraigned an Austrian, Kavlak Onal, for failing to declare N2.28 billion in foreign currencies at the Federal High Court, Lagos.
Onal was arraigned on a two-count criminal charge.
The EFCC prosecutor, Bilikisu Buhari, told the court that the defendant was arrested with the currencies at the Murtala Mohammed International Airport, Lagos, by men of the Nigerian Customs Services.
She said the charges are punishable under Section 3 (5) of the Money Laundering (Prohibition and Prevention) Act, 2022.
The defendant, however, pleaded not guilty to the charge.
After listening to arguments by the prosecution and defence lawyers, Justice Yellim Begoro adjourned the case till January 16 for hearing of the defendant’s bail application.
He ordered that the defendant be remanded in a correctional facility pending the hearing of the bail application.
