A Nigerian businessman by the name Mauzu Bala has been arrested today at Jomo Kenyatta International Airport by the officers from the Assets Recovery Agency (ARA).
The Nigerian international was found with various currencies in US dollars, Euros as well as Nigerian Naira. The businessman kept his money in a sack and was approximately Kshs 100Million.
The man who claimed was on a business trip to Dubai was forced to hand over the money to ARA officers after he failed to account for the huge money he had in cash.
The man failed to declare his large amount of money as it is in Section 12 (1) of the Proceeds of Crime and Anti-Money Laundering Act which states that one has to declare any money above$10,000 (Kshs 1 Million).
The businessman man failed to offer supporting documents and ARA officers were forced to arrest him. Cases of Nigerians being arrested for money laundering are not new since July this year,another group of Nigerians were arrested in Dubai.
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