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Money laundering: Thousands of dollars flown out of Nigeria every hour — INTERPOL
By Kayode Sanni-Arewa
The International Police Organisation (INTERPOL), on Monday, revealed that “hundreds of thousands of dollars” are being laundered out of Nigeria to other African countries and across the world every hour.
The organisation also said money laundering across Africa and the entire world has assumed a monstrous dimension, adding that it would require a concerted efforts of every security agencies in Nigeria and other countries to address.
arba 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…” Umar said.
He stressed that hard times await money launderers as the Initiative “Silver Notices” would make illicit funds more difficult to launder in any part of the world.
Speaking on the theme of the workshop: “Strengthening Capacity and Coordination against Financial Crimes” Umar noted that financial crimes had become transnational and law enforcement agencies needed regular training for their workforce to be ahead of fraudsters.
He said, “In essence, this Workshop will give us the opportunity to re-examine the challenges of fighting transnational crimes in the country, reassess our strategies, and reaffirm our determination and unity as a country to provide security to our citizens and by extension the global community.”
On his part, the Executive Chairman of the EFCC, Ola Olukoyede, harped on the need for enhanced collaboration in tackling financial crimes.
Olukoyede, who spoke through the Director, Fraud Risk Assessment and Control of the EFCC, Francis Usani, said the complex nature of corruption across the world could only be broken by the might of collaborative actions by every stakeholder.
“The daunting nature of the fight against corruption in Nigeria and the world at large deserve serious collaboration among organizations saddled with the responsibility of fighting corruption”, he said.
In his remark, Ambassador Extraordinary and Plenipotentiary of Japan to Nigeria, Mr Kazuyoshi Matsunaga, described the workshop as an important joint initiative between Japan and Nigeria to combat financial crimes.
He explained that in the contemporary globalized world, financial crimes transcended borders and required international cooperation among law enforcement agencies to combat them.
Similarly, the Director-General of the Nigerian Financial Intelligence Unit, Hafsat Bakare, spoke about the imperative of strengthening capacity and coordination against financial crimes, pointing out that “financial intelligence and financial analysis techniques are key to tackling economic crimes.”
The NFIU, she said, was sensitive to the interconnected nature of the criminal justice system, the threat of organized crime and cybercrimes being fought by law enforcement agencies.
(Daily Trust)
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FemyWalsh Limited Makes History: Appoints Chief Julie Coker as Africa’s Oldest Female Journalist (Photos)
In a groundbreaking move that underscores its commitment to inclusivity and excellence, FemyWalsh Limited has proudly announced the appointment of Chief Julie Coker, an 85-year-old trailblazer in African journalism, as part of its esteemed team.
This historic milestone cements FemyWalsh Limited’s position as a leader in championing diversity and recognising the value of experience across generations.
Chief Julie Coker, a celebrated icon in the media world, brings decades of experience, insight, and unparalleled expertise to the organisation. With a career spanning over six decades, she has been instrumental in shaping the narrative of African journalism, inspiring generations of journalists with her dedication, resilience, and pioneering spirit.
“Chief Julie Coker is not just a journalist; she is a living legend,” said Victor Walsh Oluwafemi, Chief Executive Director of FemyWalsh Limited. “Her contributions to journalism and storytelling have left an indelible mark on the industry. By welcoming her to our team, we are reaffirming our belief that greatness knows no age. This appointment is a testament to our commitment to inclusivity, diversity, and celebrating talent in all its forms.”
This is not the first time FemyWalsh Limited has demonstrated its dedication to inclusivity. Over a year ago, the organisation made headlines by employing a 74-year-old veteran journalist, setting a precedent for valuing experience and diversity. Chief Julie Coker’s appointment further elevates this legacy, marking a significant achievement not only for FemyWalsh Limited but also for Africa’s media landscape.
Chief Julie Coker will now join FemyWalsh Media, which operates Souq News Television, The Isle 104.9 FM Lagos, and the soon-to-launch Kasuwa Radio 99.7 FM, based in the ancient city of Kano. The addition of Kasuwa Radio reflects FemyWalsh Limited’s commitment to expanding its reach and promoting quality broadcasting across Nigeria.
Speaking on her appointment, Chief Julie Coker expressed her gratitude and excitement:
“I am deeply honoured to join FemyWalsh Limited, a company that values experience and continues to break barriers. I look forward to contributing my wealth of knowledge and being part of an organisation that is paving the way for inclusivity and innovation in the media industry.”
Chief Julie Coker’s role at FemyWalsh Limited will focus on mentoring the next generation of journalists, enhancing storytelling strategies, and promoting initiatives that celebrate Africa’s rich media heritage.
FemyWalsh Media’s growing portfolio of outlets underscores its dedication to reshaping the media landscape in Africa by combining innovation with inclusivity. This historic appointment serves as a beacon of inspiration for organisations worldwide, proving that experience and age are invaluable assets in fostering progress and creativity.
About FemyWalsh Limited
FemyWalsh Limited is a leading media organisation committed to driving inclusivity, innovation, and excellence in the media industry. With ownership of Souq News Television, The Isle 104.9 FM Lagos, and the soon-to-launch Kasuwa Radio 99.7 FM Kano, the company continues to inspire through its groundbreaking initiatives and unwavering commitment to diversity.
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The pan-Yoruba socio-cultural organisation, Afenifere, on Thursday, called on South West Governors to take the security of their areas more seriously in view of the latest revelation concerning the new influx of bandits into the region.
Afenifere disclosed this in a statement by its National Publicity Secretary, Jare Ajayi, in Ibadan, the Oyo State capital,
PUNCH Online reports that the Oyo State Governor, Seyi Makinde while speaking at the 2025 annual inter-faith service for workers held at the Secretariat, Agodi, Ibadan, on Monday, disclosed that bandits being dislodged from the North-West of Nigeria are infiltrating his state.
The Governor had said, “During a security briefing this morning, I learned that some bad elements from the North-West are relocating here due to military heat in their zones.
“To underscore the seriousness of the issue, the governor related his own personal experience when he observed his quiet birthday ceremony at Fashola near Oyo Alaafin towards the end of last month.
“During my birthday retreat in Fashola, bandits had camped less than two kilometres from where I was staying. This underscores the seriousness of the situation.”
Howeve, Afenifere stated that a disclosure of this nature coming from the Chief Security Officer of a state is not something to be treated with levity.
It, therefore, called on all the governors of the South-Western States to “as a matter of urgency, hold a meeting to map out strategies to expel the bandits from the region and to ensure that such elements do not infiltrate Yorubaland at any time again.
“For these objectives to be achieved, there is the need to carry certain groups along. These are the security agencies that will implement whatever security decisions are reached, traditional rulers and heads of local vigilantes known as ‘Ode’.”
Ajayi added that whatever strategies were devised should include functional, up-to-date equipment for those who would be on the fields, attractive incentives and the deployment of modern technologies to assist in identifying the bandits and their hideouts.
While urging security agencies and citizens not to take the issue of security lightly, Ajayi concluded by saying that traditional rulers and community leaders in different parts of Yorubaland should not keep quiet whenever they notice any indication suggestive of security threat.
It added, “For example, until the governor made the revelation on Monday, such grave security danger was unknown to members of the public, yet there are people living in Fashola area where the bandits were reported to have established a camp. It is not unlikely that similar camps could be found in some other parts of the South West, hence the need for urgent and effective action.”
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