By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
NewsunplugNewsunplugNewsunplug
  • Home
  • News
  • Politics
  • Metro
  • Entertainment
  • Sports
  • Lifestyle
  • Journal
Reading: Thousands of dollars flown out of Nigeria every hour – INTERPOL
Share
Notification Show More
Font ResizerAa
Font ResizerAa
NewsunplugNewsunplug
  • Home
  • News
  • Politics
  • Metro
  • Entertainment
  • Sports
  • Lifestyle
  • Journal
Search
  • Home
  • News
  • Politics
  • Metro
  • Entertainment
  • Sports
  • Lifestyle
  • Journal
Have an existing account? Sign In
Follow US
Newsunplug > Blog > News > Thousands of dollars flown out of Nigeria every hour – INTERPOL
News

Thousands of dollars flown out of Nigeria every hour – INTERPOL

Godson
Last updated: July 30, 2024 7:24 am
Godson Published July 30, 2024
Share
SHARE

Hundreds of dollars are being laundered out of Nigeria to other African countries and worldwide every hour, the International Police Organisation (INTERPOL), disclosed on Monday, July 29.

The organisation said money laundering across Africa and the entire world has assumed a monstrous dimension, adding that it would require concerted efforts of every security agency in Nigeria and other countries to address.

Garba 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 in Africa.

Umar said: “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…”

He said 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 workshop theme: “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.”

 

You Might Also Like

#UCL: Guardiola makes one strong demand from Man City players after five straight defeats

37 Chibok parents died from heartbreak – Community

Air France suspends flights to Burkina Faso and Mali

Read Kamala Harris’ statement on Joe Biden dropping out of the presidential race and endorsing her

8 Reasons Your Best Friend Makes The Best Shopping Partner

Quick Link

  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index
Share This Article
Facebook Twitter Email Print
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0

Recent Posts

  • Lamine Yamal’s Brother Is in Attendance for the Nations League Final!
  • 68-year-old man falls into well trying to retrieve phone in Ibadan
  • BOMBSHELL! Cristiano Ronaldo’s SHOCKING Comments About Lamine Yamal After the Match – Nobody Saw This Coming!
  • The moment that proved to the entire world that Ronaldo is an exceptional player, different from every other footballer on the planet, because of what happened the moment he received the championship trophy.
  • Surround yourself with thinkers and not just loyalists – Media personality, Seun Okinbaloye sends powerful message to President Tinubu (video)

Recent Comments

No comments to show.

Categories

  • ES Money
  • U.K News
  • The Escapist
  • Insider
  • Science
  • Technology
  • LifeStyle
  • Marketing

About US

We influence 20 million users and is the number one business and technology news network on the planet.
Quick Link
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index
Top Categories
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]

Top Categories

  • Entertainment

Categories

  • ES Money
  • U.K News
  • The Escapist
  • Insider
  • Science
  • Technology
  • LifeStyle
  • Marketing

About US

We influence 20 million users and is the number one business and technology news network on the planet.
Quick Link
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index
Top Categories
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]
© 2023 Newsunplug | All Rights Reserved.
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?