According to EFCC, the $980,000 cash The commission said the cash payment he Economic and Financial Crimes payment exceeded the N5 million thresh- exceeded the statutory cash transaction Commission, EFCC, is set to arraign T old prescribed under Section 2(1)(a) of threshold of N5 million and was allegedly Bello Abdullahi Bodejo before the the Money Laundering (Prevention and not routed through a financial institution as Federal High Court in Abuja over alleged Prohibition) Act, 2022, and was allegedly required by law. terrorism financing and money laundering not routed through a financial inst…