NCS records 69 currency declarations with deployment of e-CDF
By Martha Agas
The Nigeria Customs Service (NCS) said it has recorded a total of 69 currency declarations with the deployment of its Electronic Currency Declaration Form (e-CDF) at the Nnamdi Azikiwe International Airport, Abuja.
The spokesman of the service, Abdullahi Maiwada, announced this in a statement on Friday in Abuja.
‘During the pilot period, the e-CDF system recorded a total of 69 currency declaration transactions.
“Outbound declarations accounted for 51 transactions with a total declared value of $1,200,281.22
“ Inbound declarations stood at 18 with a total declared value of $177,786.88,” he said.
Maiwada described the deployment as part of NCS’s ongoing digital transformation and modernisation initiatives aimed at strengthening border controls and enhancing transparency in financial disclosures.
The News Agency of Nigeria (NAN) reports that NCS had stated it would deploy e-CDF as part of its anti-money laundering measures for travellers carrying cash into and out of Nigeria.
According to the spokesman, the implementation of the pilot scheme started on April 9 without issues, demonstrating the system effectiveness.
“It showcased the system’s effectiveness in digitally capturing both inbound and outbound currency declarations, offering a more secure, efficient, and accountable process for cross-border travellers,” he stated.
The epokesman explained that the e-CDF platform was developed to align with the best international practices in anti-money laundering (AML) and counter-financing of terrorism (CFT) protocols.
He highlighted that the form provides real-time data that supports intelligence gathering and inter-agency cooperation.
Maiwada stated that the NCS was determined to leverage on technology to enhance its operations and ensure the integrity of Nigeria’s borders
“The NCS under the leadership of the Comptroller-General, Adewale Adeniyi , remains committed to leveraging technology to improve compliance, facilitate legitimate travel and trade, and ensure the integrity of Nigeria’s borders.
“Following the success of this pilot phase, plans are underway to replicate the deployment of the e-CDF system at other international airports and border posts across the country,” he said. (NAN)(www.nannews.ng
Edited by Bashir Rabe Mani
Published By
- Senior Editor
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