A High Court in Kenya has ordered the confiscation of over N450million cash from a Nigerian National, Muazu Bala, and to be deposited at the Central Bank of Kenya.
Bala was arrested with the huge cash at the Jomo Kenyatta International Airport last week Friday, December 4, suspecting it could be proceeds of money laundering or crime by the Kenyan Authorities.
A case had been filed against Bala on Tuesday, December 8, at the court in bid to seek orders to freeze the huge cash.
He was allegedly headed for Dubai with the huge cash in three denominations before he was arrested at the Kenyan Airport.
However, Bala in defence said that the cash was for conducting business in Dubai, but could not provide supporting documents to back his claim.
Leave a comment