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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US TARIFF HIKE THREATENS NIGERIA’S 2025 BUDGET, AFCFTA GOALS – MAN. (PHOTO ).

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 US Tariff Hike Threatens Nigeria’s 2025 Budget, AfCFTA Goals – MAN

...May Slash N2tn in Annual Agric Exports

The Manufacturers’ Association of Nigeria (MAN) has raised concerns over the U.S. tariff hike on Nigerian exports, warning it could derail the 2025 budget and undermine Nigeria’s gains under the AfCFTA.


MAN DG, Segun Ajayi-Kadir, said the 14% levy on Nigerian goods could slash up to N2 trillion in agricultural export earnings annually, particularly affecting products like cocoa derivatives, sesame, and ginger.


He warned that the tariffs jeopardize years of progress in value-added manufacturing, reduce competitiveness in U.S. markets, and may force exporters back to raw material trade — a blow to Nigeria’s industrialisation drive.

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