• Home
  • News
  • Real Estates are safe haven of money launderers—EFCC chairman
News

Real Estates are safe haven of money launderers—EFCC chairman

Chairman of the Economic and Financial Crimes Commission, Abdulrasheed Bawa, has said that real estates are safe haven of money launderers.

Speaking on Thursday June 9, while receiving the president of the Nigerian Institution of Estate Surveyors Valuers (NIESV), Emmanuel Wike, Bawa narrated how they discovered a retired civil servant built a University in Kaduna.

He said;

“Just last month, we discovered a retired civil servant built a University in Kaduna and nobody, including your members, reported such transactions.

‘’So, I’m still bold to say that the real estate sector is one of the easiest places for money launderers. That’s why we’re empowering SCUML with all the necessary tools to enable us achieve our mandate, so whatever we are doing is backed by the law”

Bawa urged members of the NIESV to comply with extant laws regulating their practices by furnishing the EFCC with full details of suspicious transactions in line with the Money Laundering Prevention and Prohibition Act (2022).

Wike who praised the EFCC for prosecuting high profile corrupt individuals, assured the anti-graft agency that his members would collaborate with the EFCC by exposing the bad eggs in the profession.

Related posts

Twitter ban to be lifted soon – Lai Mohammed

theKorrespondent

Lagos Assembly passes bills on open grazing ban and VAT

theKorrespondent

House of Reps speaker, Femi Gbajabiamila, canvasses support for social media regulation

theKorrespondent

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More