Economic and Financial Crimes Commissions EFCC has said accepting or making cash payment in excess of N5 million is money laundering. According to the commission a person who makes or accepts cash payment in excess of N5, 000, 000 or its equivalent commits an offence under Money Laundering (Prevention and Prohibition) Act, 2022.
Accepting or making cash payment in excess of N5 million is money laundering — EFCC
