Ethiopia Seizes $1.5M, 7 kg Gold at Border with Somaliland

The Ministry of Revenue said it has seized $1,527,014, € 8,280 and £ 31,900 as well as 7 kg of gold at the Ethiopian eastern border with Somaliland. Significant amount of currencies from eight other countries have also been seized.

The Ethiopian Minister of Revenue, Adanech Abebe told local journalists that four suspects were arrested with the money and gold at Tog-Wachale, the country’s eastern most border point with Somaliland as they tried to smuggle the money and gold out of Ethiopia.

The Minister said tips from the community had led to the arrest.

There have been increasing cases of seizures in illegal money transfers and illegal weapons in recent months. Police seized thousands of weapons and millions of cash in various currencies in different parts of the country.