Suspicious Transaction Report

Chukwuma O. Eze executed ten outbound transfers totalling ₦47,200,000 to Iyabo Logistics Ltd (South Africa) between 14 April and 19 April 2026, attributed to BfC-2026-0019 (filtration equipment, HS 8421.39). Each transfer was individually below the ₦5,000,000 CBN reporting threshold — a structuring pattern consistent with trade-based money laundering at the settlement stage. The freight forwarder (Iyabo Logistics Ltd) is not on the CBN approved freight forwarder list, no vessel IMO number is verifiable in the documentary set, and the declared CIF value is 34% above UN Comtrade benchmark for the corridor. The customer is classified PEP class 3 with a CDD review overdue by nine days and a CAC director discrepancy was identified on the counterparty. These combined indicators meet the threshold for STR filing.