Businessman Remanded in Lagos Over $299,000 Concealment, Fake Currency



A Federal High Court in Lagos has ordered the remand of businessman Sunday Okorie at the Ikoyi Correctional Centre for allegedly failing to declare $299,000 and possessing counterfeit foreign currency.


The Economic and Financial Crimes Commission (EFCC) arraigned Okorie on four counts of money laundering and unlawful importation of counterfeit currency. Prosecutors said he hid the undeclared funds in relaxer containers at Murtala Muhammed International Airport on March 19, 2025.


Okorie also allegedly imported and possessed counterfeit $50 bills totaling $250. He pleaded not guilty, but the court denied his request for EFCC custody, ordering his remand in prison. The trial is set for March 26, 2025. 

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