INTERPOL Exposes Daily Multi-Million Dollar Outflows From Nigeria

INTERPOL Exposes Daily Multi-Million Dollar Outflows From Nigeria

INTERPOL Vice President for Africa, Garba Baba Umar, made a significant announcement at the EFCC Academy in Abuja during the opening of a four-day workshop for Nigerian law enforcement agencies…….. CONTINUE READING

Umar highlighted the alarming scale of money laundering both across Africa and globally, and called for greater cooperation among security agencies to address this issue.

To combat money laundering and illicit financial flows, Umar introduced the “Silver Notices Against Money Laundering” initiative. This program aims to make it more difficult for criminals to launder money worldwide, with a particular focus on Africa.

“Evidence indicates that every hour, hundreds of thousands of dollars are being siphoned out of Nigeria and laundered before reaching the criminals who benefit from these illicit gains, while honest Nigerians bear the consequences,” Umar stated.

The workshop, titled “Strengthening Capacity and Coordination against Financial Crimes,” seeks to evaluate existing strategies and reinforce the commitment to security measures.

Umar emphasized the need for continuous training for law enforcement to stay ahead of transnational financial crimes.

The Executive Chairman of the EFCC, Ola Olukoyede, represented by Francis Usani, Director of Fraud Risk Assessment and Control, stressed the importance of collaboration in the fight against corruption. He noted that the complexity of global corruption necessitates collective action from all stakeholders.

Japanese Ambassador to Nigeria, Kazuyoshi Matsunaga, praised the workshop as a vital joint effort between Japan and Nigeria to combat financial crimes, underscoring the need for international cooperation in tackling these cross-border issues.

Hafsat Bakare, Director-General of the Nigerian Financial Intelligence Unit (NFIU), emphasized the critical role of financial intelligence and analysis in addressing economic crimes, highlighting the interconnectedness of the criminal justice system and the threat of organized cybercrimes.

For the latest updates and juicy gossip, dive into the Bushradiogist platform by clicking this link: Bushradio. For advert placement only, shoot a WhatsApp message to 0807 580 6790.