The International Police Organisation (INTERPOL) have stated that thousands of dollars are being laundered out of Nigeria to other African countries and across the world every hour
On Monday the 29th of July, The organisation said money laundering across Nigeria, Africa and the entire world have taken a monstrous dimension, adding that it would require a concerted efforts of every security agencies in Nigeria and other countries to address.
Garba Baba Umar, the INTERPOL Vice President for Africa, revealed this at EFCC Academy, Abuja, when he declared a four-day workshop for Nigerian law enforcement agencies open.
The INTERPOL official, however, said the organisation has launched what he described as “Silver Notices Against Money Laundering”, saying it is in a bid to frontally tackle the scourge of money laundering and illicit financial flows across the world, especially Africa.
“Evidence has shown that every hour, hundreds of thousands of dollars are flowing out of Nigeria to the region and across the world, laundered before it reaches the pockets of criminals to enjoy the profits of their crimes, while the hardworking and honest Nigerians pay the price of crime.
“With every successful laundering of criminal money, our country becomes more prone to crime. More drugs, more fraud, more corruption and more violence. Every time criminal money is successfully laundered, our financial institutions take an additional blow…”
He said that hard times await money launderers as the Initiative “Silver Notices” would make illegal funds more difficult to launder in any part of the world.
