EFCC ARRAIGNS AUSTRIAN FOR UNDECLARED $800,585, €651,505 AT LAGOS AIRPORT. (PHOTO). #PRESS RELEASE.

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 EFCC Arraigns Austrian For Undeclared $800,585, €651,505 At Lagos Airport The Economic and Financial Crimes Commission, EFCC, Lagos Zonal Directorate 2, Okotie Eboh, Ikoyi, Lagos, on Friday, January 9, 2026, arraigned one  Kavlak Onal, an Austrian national arrested by the Nigeria Customs Service, NCS, for allegedly failing to declare the sums of $800,575 and €651,505 in his possession. He was arraigned before Justice Yelim Bogoro of the Federal High Court sitting in Ikoyi , Lagos.  Onal who was scheduled to travel on Emirates Airline to Dubai, was on Tuesday, December 16, 2025 intercepted  during a routine check at the AML/ CFT Currency Declaration Desk at the Murtala Muhammed International Airport, Ikeja, Lagos.
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SENATE CONFIRMS OLAYEMI CARDOSO AS CBN GOVERNOR, OTHERS.(PHOTO).

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Senate confirms Olayemi Cardoso as CBN Governor, others

The Senate on Tuesday confirmed Mr Olayemi Cardoso as Governor of the Central Bank of Nigeria, CBN.

Other nominees who were confirmed as Deputies to Olayemi are: Emem Usoro, Muhammad Abdullahi-Dattijo Philip Ikeazor and Bala Bello.

Their screening commenced after hours of closed-door meeting which was presided by the Senate President, Godswill Obot Akpabío, having resumed from a two month annual recess.

DAILY POST reports that the exchange rate between the Naira and other currencies especially the United States Dollars dominated the lawmakers’ questions.

The lawmakers lamented economic woes, particularly the free fall of the Naira.

Senators Jimoh Ibrahim, Adams Oshiomhole, Elisha Abbo expressed their discontents and urged the new CBN team to “look outside the box to see a way of strengthening the Naira.”

 

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