As per rule, passengers carrying above USD 5,000 have to give declaration before the authorities.
The man, identified as Bello Almou, was frisked on Thursday after he passed through the green channel at the Chhattrapati Shivaji Terminus airport, the official said.
A passenger faces arrest or detention if he or she passes through the green channel with undeclared goods or currency.
Almou had landed at the airport on an Emirates flight from Nigeria via Dubai.
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