The Nigeria Civil Aviation Authority (NCAA) has threatened to sanction all international airlines operating inbound flights to Nigeria over failure to comply with the currency declaration requirements for inbound passengers.
The NCAA while directing all international airlines operating inbound flights to Nigeria to strictly comply with the directive, explained that it was 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 Director of Public Affairs and Consumer Protection, Michael Achimugu of NCAA, in a statement in Abuja on Tuesday, reiterated some of the directives all international airlines are to abide by.
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The statement reads: “Make in-flight or pre-landing announcements informing passengers of their legal obligation to declare any currency or Bearer Negotiable Instruments (BNI) exceeding $10,000 or its equivalent upon arrival in Nigeria.
“Distribute currency declaration forms onboard for passengers to complete before landing”.
Achimugu stated that the NCAA has received reports indicating that some airlines are yet to comply with this directive.
He stated: “Please note that the cooperation of all international airlines operating in Nigeria is critical to supporting the country’s efforts to align with global financial standards. Accordingly, the Authority emphasises that full implementation of this directive—particularly as it concerns inbound passenger declarations—is of utmost importance.
“Compliance will be closely monitored, and non-compliant airlines will face appropriate sanctions”.