TEXAS MAN ARRESTED WITH 75 POUNDS OF MARIJUANA IN LUGGAGE WHILE FLYING TO LONDON, POLICE SAY. (PHOTO).
Texas man arrested with 75 pounds of marijuana in luggage while flying to London, police say A Texas man was arrested at Miami International Airport after authorities found 75 pounds of marijuana in his luggage before he could board a flight to London. Harrison O’Neill Tiernan, 23, from Austin, was charged with cannabis trafficking. He was traveling to Heathrow Airport and had checked two suitcases for his British Airways flight. Inspectors discovered 65 vacuum-sealed packages containing a green, leafy substance later confirmed to be marijuana. U.S. Customs and Border Protection officers stopped Tiernan while he attempted to board the flight, and he acknowledged that the bags were his. Authorities noted the inspections were part of broader efforts at the airport due to high outbound narcotics activity. In total, Tiernan was carrying 34.01 kilograms, or 74.98 pounds, of marijuana. Homeland Security initially declined the case because the amount did not meet the federal threshold, a...
Banks are seeking customers to buy surplus foreign currencies they hold following the flooding of the banks with dollars by the Central Bank of Nigeria {CBN}.In an effort to support and shore-up the value of Naira,CBN resolved to flood commercial banks with dollars.The banks are reported to be holding excess forex and were seeking customers to buy the foreign currencies.The banks have cleared the backlog of requests for foreign currencies for basic travel allowance,school fees and medicals.In a data released by the CBN,the apex bank,within three weeks,injected more than 1.4 billion dollars for both wholesale and retail intervention into the interbank Forex market.Mr Ayo Teriba,Chief Executive Officer,Economic Associates,is optimistic that the CBN would be able to sustain its intervention on the forex market.Teriba told NAN that increase in oil production and high oil prices had increased the foreign reserve base of the country,''We are back to a situation where the forex at the disposal of the CBN is likely to go up.The CBN could not intervene in the forex market in 2016 because of low oil production,prices and because foreign reserves were also low.Today,oil price is up,reserves have also gone up,the outlook of the oil prices is stable and production in Nigeria is going back to capacity; so it has the capacity to intervene.In a couple of months,the apex bank should be able to meet all of the demands and all the multiple exchange rates will converge.
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