The Nigeria Civil Aviation Authority (NCAA), has warned international airlines operating in Nigeria to ensure that they comply with all regulations concerning currency declaration directive by the agency.
In a memo signed by the director, public affairs and consumer protection, NCAA, Michael Achimugu, the Authority urged the airlines to ensure that all passengers are aware and educated about the financial directives.
He said the NCAA has received reports indicating that some airlines are yet to comply with this directive.
Part of memo with the title, “Reminder – compliance with currency declaration directive”, states that “the Nigeria Civil Aviation Authority hereby reminds all international airlines operating inbound flights to Nigeria to strictly comply with the provisions of the directive referenced above concerning the currency declaration requirements for inbound passengers
“In line with Nigeria’s ongoing efforts to strengthen its Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) framework, in accordance with international standards and obligations, the NCAA reiterates the following directives to all international airlines: make inflight or pre-landing announcements informing passengers of their legal obligation to declare any currency or Bearer Negotiable Instruments (BNI) exceeding $10,000 USD or its equivalent upon arrival in Nigeria; distribute currency declaration forms onboard for passengers to complete before landing.
“Please note that the cooperation of all international airlines operating in Nigeria is critical to supporting the country’s efforts to align with global financial standards.
Accordingly, the Authority emphasises that full implementation of this directive—particularly as it concerns inbound passenger declarations—is of utmost importance. Compliance will be closely monitored, and non-compliant airlines will face appropriate sanctions.”
