The Nigeria Civil Aviation Authority (NCAA) has requested that all foreign airlines that offer flights to Nigeria adhere strictly to the guidelines regarding the requirements for inbound passengers to declare their currency.
The Nigeria Civil Aviation Authority (NCAA) sent a memo to “All International Airlines Operating in Nigeria” from the NCAA with
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Subject: Currency Declaration Directive Compliance Reminder (Ref: NCAA/CPD/ABV/298) issued by Public Affairs and Consumer Protection Director Michael Achimugu on Tuesday stated that the directive is consistent with Nigeria’s continuous endeavors to fortify its Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) framework in compliance with international standards and commitments.
The Nigeria Civil Aviation Authority (NCAA) now advises all foreign airlines that fly into Nigeria to adhere completely to the above-mentioned directive’s requirements for inbound passengers to declare their currency.
According to international norms and commitments, the NCAA restates the following guidelines for all foreign airlines in support of Nigeria’s continuous efforts to fortify its Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) framework: Tell passengers that they have a legal duty to report any currency or Bearer Negotiable Instruments (BNI) worth more over $10,000 USD or its equivalent when they arrive in Nigeria. This can be done during the flight or before landing. Provide travelers with currency declaration forms to fill out before arriving.
The NCAA has been notified that several airlines have yet to adhere to this regulation, the press release added.
In order to support Nigeria’s efforts to conform to international financial standards, it is imperative that all international airlines operating in the country cooperate.
The Authority therefore stresses that it is crucial that this order be fully implemented, especially with regard to inbound passenger declarations.
“Compliance will be closely monitored, and airlines that do not comply will be subject to appropriate sanctions.”
