The CHAIRMAN of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, presented plans to target sellers of cars, jewelry and real estate developers who could be used as vehicles for money laundering.
To this end, the commission is working to strengthen its Special Anti-Money Laundering Control Unit (SCUML), convinced that the failure and control of the activities of unnamed financial institutions will reduce the cases of such crimes in the country. .
Appearing at the ministerial briefing organized by the presidential communication team at the Presidential Villa in Abuja on Thursday, the boss of the anti-corruption agency said: do the same but this time on non-designated financial institutions . We are talking about car dealerships, jewelers and real estate, etc.
âIf we can put a stop to the real estate issues, the laundering of the proceeds of crime in this country will decrease.
âIt is on this reflection that we are working to strengthen this special control unit against money laundering.
âWe are working with the two chambers of the National Assembly to strengthen the legal framework of this special control unit against money laundering.
He also clarified his statement regarding the involvement of a minister in the laundering of around $ 37 million in real estate, noting that this is the case of former oil minister Diezani Madueke.
The boss of the anti-graft agency, who made the first statement in an interview with a TV station earlier in the week, had recounted how $ 27 million in cash was transferred from the minister’s house to pay real estate, in collaboration with the general manager of a bank. Correspondents asked Bawa why neither the minister resigned nor the bank’s general manager was prosecuted.
He said he just cited the ex-minister’s ongoing case as an example, saying it did not involve any minister in Muhammadu Buhari’s administration. When asked when the former minister would be prosecuted, he replied that she would be charged when she was available.
He said the EFCC intelligence unit unearthed the movement of 6 billion naira in the coffers of an anonymous state government, saying the discovery was made possible by the commission’s determination to seize restructure for more efficiency. He revealed that the unit helps the agency pursue cases by passing the findings on to other departments, including the operations department.
Regarding the recent recoveries made by the commission, he said they included 6 billion naira, over 161 million dollars, over 13,000 â¬, 1,730 â¬, 200 Canadian dollars, 373,000 CFA, 8,430.
Bawa explained, âLet me take this opportunity to clarify the issues. The EFCC has made a number of collections over the years, but not all collections made belong to the federal government. âWe have done recoveries for victims of criminals and they can be individuals, local governments, state governments, federal governments, legal persons, whether in Nigeria or outside Nigeria. . There are also collections which are indirect collections.
âJust a few weeks ago, we recovered $ 100 million for the Nigerian Ports Authority (NPA), the money went into the NPA account, but thanks to our efforts. Won’t I register that we have recovered such an amount for NPA? Will you see it in the EFCC’s recovered account from the CBN? No.
âThere are recoveries that are made directly to the EFCC account. It is through systems and processes. There is the Department of Confiscation and Asset Recovery Management within the EFCC, responsible for collating all data regarding recovered assets, holdings on interest forfeiture and holdings on final forfeiture as well as their location and of course their management. âWe recovered 30 real estate, a carpet, 13 electronic devices, farmland, a factory, two motorcycles, a gas station and about 32 automobiles.â
The EFCC boss said the commission would prosecute former Abia state governor Senator Orji Uzor Kalu again after his recent release from the correctional center.
âWe are determined to continue the prosecution, no matter how long it takes and how many resources are involved. And that’s why those of us in law enforcement say over and over again that there is no budget in law enforcement because you can never tell where it will take you. It can take you to all six continents and vice versa and you have to prove your case beyond a reasonable doubt. So also in the case of prosecutions, it may take one, two or more years.
âThe case of Ibikunle Amosun is ongoing; Ibrahim Shema, Adebayo Alao-Akala, Ikedi Ohakim, Muazu Aliyu, even Orji Uzor Kalu, we will pursue him again after 12 years.
âOthers are Olajide Omokore, former Managing Director of the Intercontinental Bank, Erastus Akingbola, ex GMD NNPC Andrew Yakubu, ex-judge Rita Ofili-Ajumogobia, Femi Thomas ex-ED National Health Insurance Scheme (NHIS), Babachir Lawal, former SGF. ”
He also spoke about widespread internet fraud in the country, revealing that the commission would soon take about 800 of these cases to court.
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