The Ethiopian Customs and Revenue Authority has revealed it would commence seizure of undeclared foreign currencies and valuables in excess of 3,000 dollars. Mr Friday Akpan, Acting Spokesperson of the Ministry of Foreign Affairs disclosed this in a statement made available to newsmen in Abuja. Akpan said that the rule on the forfeiture of undeclared valuables applies to all passengers travelling to Ethiopia or transiting, including the prosecution of offenders of money laundering in line with Ethiopian Laws. Akpan said that the Embassy of Nigeria in Addis Ababa was engaging the Ethiopian authorities to secure the release of undeclared monies seized from Nigerians. The News Agency of Nigeria reports that in January, the Embassy and Permanent Mission of Nigeria in Ethiopia had earlier informed Nigerian travellers on the seizure plans of excess currencies by the Ethiopian Authorities.

Source: Ethiopian News June 29, 2019 12:00 UTC