News | Events | Digital PR | Advertising

Home Entertainment INTERPOL reveals how hundreds of thousands of Dollars leaves Nigeria every hour
EntertainmentFeatures

INTERPOL reveals how hundreds of thousands of Dollars leaves Nigeria every hour

Share
Share

The International Police Organization (INTERPOL) has revealed that large sums of money, estimated to be in the hundreds of thousands of dollars, are being laundered out of Nigeria every hour, destined for other African countries and worldwide.

This illicit financial activity has reached alarming levels, necessitating a collaborative effort from security agencies globally.

Garba Baba Umar, INTERPOL’s Vice President for Africa, made this disclosure at the EFCC Academy in Abuja, during a four-day workshop for Nigerian law enforcement agencies.

He emphasized the need for a united front against money laundering and introduced the “Silver Notices Against Money Laundering” initiative to combat this scourge.

Umar highlighted the severe consequences of money laundering, including increased crime, drug trafficking, fraud, corruption, and violence. He assured that the “Silver Notices” initiative would make it more challenging for criminals to launder illicit funds worldwide.

The workshop, themed “Strengthening Capacity and Coordination against Financial Crimes,” aims to enhance the capacity of law enforcement agencies to combat transnational financial crimes. Speakers, including the EFCC Chairman, Ola Olukoyede, and the Japanese Ambassador to Nigeria, Kazuyoshi Matsunaga, emphasized the importance of collaboration and international cooperation in tackling financial crimes.

The Director-General of the Nigerian Financial Intelligence Unit, Hafsat Bakare, stressed the need for strengthened capacity and coordination, highlighting the significance of financial intelligence and analysis techniques in combating economic crimes.

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
EntertainmentFeatures

Eberechi Eze Wraps up successful Season with Traditionally Marriage to His Fiance, Nai

Fresh off his historic FA Cup victory with Crystal Palace, football star...

celebrityFeatures

iShowSpeed’s Excitement Gets the Best of Him: Lifts Champions League Trophy in Viral Moment

In one of the most unexpected and lighthearted moments in Champions League...

celebrityFeatures

“My Second Son Couldn’t Bond with Me as I Was Never Home,” – Asake’s Ex-Manager Stephen Nana

In a candid and emotional revelation, Stephen Nana, former manager of Nigerian...

Features

Joe Biden Begins Cancer Treatment with Optimism: “I’m Feeling Good”

Former U.S. President Joe Biden has officially begun treatment for an aggressive...