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Find all the economic and financial information on our Orishas Direct application to download on Play StoreCustoms Territory Supervision Bureau agents apprehended a currency smuggler last week. The search revealed a quantity of currencies, including notes of 500, 200, 100, 50 euros, etc
.Le Customs Territory Surveillance Office is a structure under the direction of Colonel Laourou. The agents arrested an individual at the Sème-Kraké border, between Benin and Nigeria, and took them to the management of the Customs Territory Surveillance Office for a thorough search. According to the information, the forger the individual had hidden currency in euros, including notes of 500, 200, 100, 50, and 20 euros. Colonel Marcellin Laourou confirmed that a large quantity of currency in euros was seized, stressing that this arrest was made possible thanks to the instructions of the hierarchy. Thousands of euros have been seized.
Colonel Laourou “The rest of the proceedings will fall to justice. However, in accordance with article 460, paragraph 2, of the Customs Code, two types of penalties are possible: a term of imprisonment of 2 to 5 years and a fine of 2 to 4 times the amount of the currency seized. Article 20 of the Uniform Law on Foreign Financial Relations of UEMOA member countries also provides for a term of imprisonment of 1 to 5 years, with a fine greater than the amount of the currency seized. In addition, there is the application of the law on money laundering and terrorist financing.”
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