THE Nigeria Civil Aviation Authority (NCAA) has mandated all international airlines operating in the country to enforce the $10,000 currency declaration requirement for all inbound passengers.
In a directive dated April 24, 2025, the authority emphasised the need to address lapses in compliance with existing financial disclosure laws.
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The move aimed to bolster Nigeria’s anti-money laundering efforts and align with international financial standards, NCAA spokesman Michael Achimugu, said in a statement Tuesday.
The directive mandated international airlines to announce, either inflight or pre-landing, the legal obligation for passengers to declare cash or negotiable instruments exceeding $10,000 or its equivalent.
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It also required them to distribute currency declaration forms onboard for passengers to complete before arrival.
Achimugu noted that some airlines have yet to comply, despite earlier notifications.
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The NCAA warned that compliance will be strictly monitored, stressing that non-compliant airlines will face sanctions.
It reiterated that airline cooperation is crucial in supporting Nigeria’s efforts to meet global financial regulations.
