The Assets Recovery Agency (ARA) is seeking court orders to freeze over Sh100 million seized from a Nigerian at the Jomo Kenyatta International Airport while heading to Dubai. Mauzu Bala was arrested Friday with the money — in 880,000 US dollars, 60,000 euros and 63,000 Nigerian naira — stacked in his handbag. ARA said his failure to disclose that he was carrying such a huge amount of money and produce documents supporting the legitimacy of the cash raised suspicion of money laundering. Anti-corruption lobby Transparency International has termed the Gulf city of Dubai a “money laundering paradise”. Other than the $40 million in cash, police recovered 13 luxury cars worth $6.8 million, 21 computers and 47 smartphones.

Source: Daily Nation December 09, 2020 04:52 UTC