Officials of the Nigeria Customs Service on Wednesday arrested a professor, Ofoegbu Charles Ononuju at the Murtala Muhammed International Airport, Ikeja, Lagos State $1.1 million.
Ononuju said he is a Director of AZ Petroleum.
A boss of the NCS, Charles Epowei Edike, said the professor, who declared the currency both on forms CDF1A and CDF1B, claimed he was travelling to Kenya to solve a dispute with a Kenyan community over oil blocks.
Edike said Ononuju and the cash have been handed over to officials of the Economic and Financial Crimes Commission for further investigation.
He explained that in 2012 , the NCS, Murtala Muhammed International Airport Command, intercepted over $12.1 million from 14 persons who tried to take money out of the country in contravention of extant regulations.
Edike said the relevant government agency has been collaborating with the NCS to ensure that the law takes its course on the matter.
He explained that the rise in the incidence of arrests of passengers trying to smuggle foreign currency is a fall out of the inter agency collaboration.
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