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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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PHOTO: Courtesy visit to Priesthood Orphanage by Just Friends Club of Nigeria Founder
Dr. (Mrs) Blessing Echenwo, left, founder of Priesthood Orphanage, Karamajiji, Abuja and Mrs. Maria Cardillo, a member of Just Friends Club of Nigeria, during the visit of the club to the orphanage in Abuja…recently
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Just in: NYSC Releases Batch ‘C’ Corps Members Call Up Letters
The National Youth Service Corps has announced the release of the 2024 Batch ‘C’ Stream I call-up letters for prospective corps members.
The corps made the announcement in a series of post on its official X (former Twitter) handle on Monday.
It said orientation camp for the stream is expected to start on November 27, 2024 and closes on December 17, 2024.
According to the post, “some prospective corp members posted to Lagos will have orientation in Ogun and Osun.
“While some of those posted to Zamfara will have in Kebbi and Sokoto etc”
The corps, however, advised prospective corps members to print and sign an addendum, which will be submitted during registration at the orientation camp.
Tips to guide Deployed Prospective Corps Members
Do not travel to the Orientation Camps at night. Break your journey when necessary.
Report on your scheduled reporting date.
Apply for spelling error and name rearrangement on your dashboard.
After documentation in the Camp, you cannot change your Date of Birth, Date of Graduation, Course of Study and Passport Photograph.
Do not report to the Camp if there is any discrepancies in your course of study or with the Date of Graduation on your Statement of Result and your Call-up Letter. Contact your Institution to sort it out.
ATTENTION TO ALL 2024 BATCH ”C” STREAM I MARRIED FEMALE PROSPECTIVE CORPS MEMBERS
All married female Prospective Corps members (PCMs) who are deployed to States where their husbands are not domiciled should report to the nearest NYSC Orientation Camp for their State of Deployment to be changed.
They are to report during the period of Registration at the Orientation Camps with the copies of their marital and other relevant documents as evidence. Once the change is made it will reflect on theirM dashboard for reprinting.
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Oba of Benin to withdraw suit as Okpebholo restores rights
The Oba of Benin, Oba Ewuare II, and the Benin Traditional Council may withdraw the suits they filed against the state government as Governor Monday Okpebholo, on Sunday, restored the full statutory rights of the Oba and reversed the policies of the previous administration that impacted the Benin Traditional Council.
A statement on Sunday by Okepebholo’s Chief Press Secretary, Fred Itua, said the governor abolished the new traditional councils in Edo South created by the immediate-past governor, Godwin Obaseki.
Okpebholo also backed the Federal Government’s recognition of the Oba’s palace as the custodian of repatriated Benin artefacts looted during the 1897 British colonial expedition.
Providing an insight into the governor’s gesture, the state Attorney General and Commissioner for Justice, Dr Samson Osagie, said it signaled the resolution of the crisis between the Oba of Benin and the Edo State government leading to lawsuits duringt the Obaseki’s administration.
Osagies said, “The cases in court are cases which the Oba of Benin himself and the Benin Traditional Council instituted against the state government, and they are all civil matters. And you know that in civil suit or in any suit, parties are encouraged to settle amicably.
“So, if the parties are already settling and one side is already meeting the condition of settlement, the next step you are going to hear is that the party who went to court, which is the Oba of Benin, and the Benin Traditional Council, will instruct their counsel to withdraw the cases from court and that will be the end of the matter.
“The two parties are now settling for harmony and peace to reign, so the government is doing its own side of it.
“This statement is a prelude to discontinuing all legal proceedings with respect to the twin issues of the concession of the Oba Akenzua Cultural Centre by government to the Benin Traditional Council for 30 years and the creation of additional councils.”
The statement by Okepebholo’s Chief Press Secretary outlined the administration’s commitment to restoring the dignity and authority of the Benin monarch.
“This administration also hereby abolishes the new traditional councils in Edo South, created by the last administration,” the statement noted.
Additionally, Governor Okpebhol revoked the decision of the Obaseki’s administration to convert the Oba Akenzua II Cultural Centre into a motor park.
The government announced plans to restore the cultural centre to its original purpose.
“This administration is restoring the Oba Akenzua Centre to a suitable condition for its original purpose,” the statement added.
The governor also reinstated the financial entitlements of the Benin Traditional Council, ordering that the status quo before the creation of the abolished councils be maintained.
According to the statement, Okpebholo affirmed support for the Federal Government’s official gazette, which recognizes the Oba of Benin as the rightful owner and custodian of the repatriated Benin artefacts.
He also distanced his administration from the Museum of West Africa Art, instead backing the Benin Royal Museum project to house the artefacts.
“The Federal Government has also issued a gazette for the recognition of ownership and custody of the repatriated Benin artefacts to the Oba of Benin, Oba Ewuare II,” the statement explained. “Governor Okpebholo respects the rights and privileges of the traditional ruler of Benin kingdom… and pledges the support of his administration to ensure the monarch plays his role as the custodian of the rich cultural heritage of the Benin people.”
Okpebholo reiterated his administration’s respect for traditional institutions and vowed to avoid interference in the internal affairs of the Benin Traditional Council. “The Oba of Benin, as the father of all Benin people, is the sole custodian of the customs and traditions of the Benin people, and my administration respects customs and traditions in the land,” he stated, emphasising the government’s efforts to uphold the cultural and historical integrity of the Benin Kingdom.
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