Headlines
Shocker! Hundreds of Dollars Laundered Out of Nigeria Every Hour, Says INTERPOL
The International Criminal Police Organisation’s (INTERPOL) investigation has shown that every hour, hundreds of thousands of dollars are being laundered out of Nigeria across the world.
This disclosure was made in Abuja on Monday by the INTERPOL Vice President for Africa, Garba Umar, while declaring open a four-day training workshop for Nigerian law enforcement agencies at the Economic and Financial Crimes Commission (EFCC) Academy, Abuja.
According to Umar, money laundering across Africa and the entire world has assumed a monstrous dimension and Interpol has designed Silver Notices to combat the menace.
“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.
He stressed that hard times awaited money launderers as the 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 pointed out that financial crimes had become transnational and law enforcement agencies needed regular training for their workforce to be ahead of fraudsters.
He urged participants at the workshop to make it a duty to discuss and learn about transnational crimes affecting their regions, identify possible solutions through a review of policing capabilities to support the country, and facilitate direct and in-person interaction amongst law enforcement networks across the country.
“In essence, this Workshop will allow us 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,” he said.
Umar charged all participants at the workshop to take collaboration with other law enforcement agencies seriously, to advance their investigations and ensure that criminals do not get to enjoy the fruits of their labour.
“The only way we can move forward as a country is by working together and identifying common problems, jointly devising solutions, and taking coordinated and cohesive action. And now is the time that we need to go far, by going together, he said.
Executive Chairman of the EFCC, Ola Olukoyede in his goodwill message, also harped on the need for enhanced collaboration in tackling financial crimes.
He particularly stressed that 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.
Olukoyede, who spoke through the Director, Fraud Risk Assessment and Control, FRAC, of the EFCC, Francis Usani, appraised the pivotal role of the EFCC in tackling corrupt practices, especially its impressive records of convictions and recoveries, and expressed optimism that with the new emphasis on preventive framework in tackling financial crimes by the commission, greater progress would be made.
“Our records of convictions and recoveries stand us out, but we will not rest on our oars, we are committed to doing more and in this commitment, the EFCC is re-strategising its operations with a focus on prevention knowing that it is easier and cheaper to prevent corruption from happening than investigating and prosecuting corruption,” he said.
In his remark, Ambassador Extraordinary and Plenipotentiary of Japan to Nigeria, Kazuyoshi Matsunaga, described the workshop as an important joint initiative between Japan and Nigeria to combat financial crimes.
He explained that in the contemporary globalised world, financial crimes transcended borders and required international cooperation among law enforcement agencies to combat them.
“I am delighted that INTERPOL and the Japanese National Police Agency are an integral part of this project, contributing their expertise. A remarkable collaboration took place three years ago when Japanese and Nigerian law enforcement agencies successfully returned a fund to a Japanese fraud victim, earning immense gratitude. Strengthening our partnership through this project will benefit not only Nigerians but people around the world, including the Japanese,” he said.
Director General and Chief Executive Officer, Nigerian Financial Intelligence Unit, NFIU, 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 organised crime and cybercrimes being fought by law enforcement agencies.
She expressed optimism that the training law enforcement officers would receive at the Workshop would “ sustain efforts being made to ensure that Nigeria exit the Grey List of the Financial Action Task Force possibly by mid-2025.”
Director, Interpol Financial Crime and Anti-Corruption Centre (IFCACC), Isaac Oginni, said the only way to disrupt organised crimes was by denying fraudsters the financial profit behind their criminal enterprise. Besides, financial intelligence could also be utilised well when investigators recognise its value and use it to build a financial profile around suspects.
He challenged participants and stakeholders at the workshop to collectively work together and fight money laundering.
“Each agency represents a different shape of the puzzle with our different strengths and mandates. Each piece of the puzzle forms part of the bigger picture, and even one missing piece will prevent the whole picture from being developed,” he said.
“Today, we will commence the first phase of the Interpol/JICA workshop, a capacity-building project that aims to strengthen Nigeria’s safety through enhancing law enforcement’s capacity to combat financial crime, as well as through increased national cross-agency collaboration and cooperation,” he said.
The four-day workshop, the first of its kind and hosted by the EFCC was organised by INTERPOL and the Japan International Cooperation Agency, JICA. It drew participants from the Police, EFCC, NFIU, Nigeria Immigration Service and the Nigeria Customs Service.
Justice Obiora Egwuatu of the Federal High Court, Abuja, has withdrawn from the case filed by the suspended Senator Natasha Akpoti-Uduaghan against the leadership of the senate.
Justice Egwuatu, recused himself from the matter on Tuesday after lawyers to the parties in the suit announced their appearances.
He said he was stepping down from the matter because of the petition written by Senate President Godswilll Akpabio, alleging he was biased.
The presiding judge said he would will return the case file to the Chief Judge of the Federal High Court, Justice John Tsoho, so the matter could be reassigned to another judge.
Justice Egwuatu had on March 4, given an an interim order that stopping the Senate Committee on Ethics, Privileges and Public Petitions from going ahead with the disciplinary proceedings started against t Akpoti-Uduaghan who was alleged to have broken senate rules.
The judge gave the senate leadership 72 hours to show cause why it should not issue an order of interlocutory injunction to stop them from probing the plaintiff for alleged misconduct, without affording her the privileges stipulated in the 1999 Constitution, as amended, the Senate Standing Order 2023, and the Legislative Houses (Powers and Privileges) Act.
But the Senate Committee still went ahead to hold its sitting where it recommended Natasha Akpoti-Uduaghan for six months suspension.
However, the judge later amended the interim order by vacating the aspect that stopped the Senate from from taking any action pending the outcome of the suit.
By Eric Elezuo
Following the pronouncement of former President Goodluck Jonathan as the winner of the 2025 Sunhak Peace Prize, President Bola Tinubu has sent his hearty congratulations.
In a statement signed by his Special Adviser on Information and Strategy, Mr. Bayo Onanuga, the President acknowledged Jonathan’s pro-democracy stand, and efforts across the globe to sustain democratic principles. He noted that Jonathan has been a consistent advocate for “peace, harmony, and communality, a patriotic endeavour that has earned him global recognition”.
While thanking the organizers of the Prize for recognizing the ‘efforts of those working hard to improve the world’, he recalled Jonathan’s 2015 act of single-handedly supervising the transition of power to an opposition government, stressing that “it bolstered the nation’s democratic profile”.
The statement in details:
“President Bola Tinubu congratulates former President Goodluck Jonathan on winning the 2025 Sunhak Peace Founders’ Award.
“President Tinubu applauds the former President for his consistent advocacy for peace, harmony, and communality, a patriotic endeavour that has earned him global recognition.
“The President states that Dr Jonathan’s winning the Sunhak Peace Award affirms his bold efforts in peacebuilding and promoting democracy in Africa and beyond.
“The President recalls the former President’s historic acceptance of the results of the 2015 presidential election and his peaceful handover of power to an opposition party, which bolstered the nation’s democratic profile.
“President Tinubu celebrates this landmark achievement with former President Jonathan and thanks the Sunhak Peace Prize Committee for recognising the efforts of those working hard to improve the world.”
The Human Rights Writers Association (HURIWA) of Nigeria has criticised the Attorney General of the Federation (AGF), Lateef Fagbemi, and Special Adviser to the President on Information and Strategy, Bayo Onanuga, for alleging that Rivers State Governor, Siminalayi Fubara, is connected to militant activities in the Niger Delta.
The group described the claims as baseless and lacking credible evidence.
In a statement issued on Monday in Abuja, HURIWA’s National Coordinator, Comrade Emmanuel Onwubiko, addressed remarks made by Fagbemi last week, accusing Fubara of “tele-guiding militants” to sabotage oil installations.
Onanuga, in a separate opinion piece, supported the Federal government’s declaration of a state of emergency in Rivers State, citing intelligence reports suggesting militant threats linked to the governor.
“These are serious allegations that can destabilise not only Rivers State but the entire Niger Delta, yet no concrete evidence has been made public to substantiate them,” Onwubiko said, faulting the officials’ reliance on unverified intelligence.
HURIWA highlighted Governor Fubara’s denial of the allegations in an official statement earlier on Monday, where he rejected any ties to militant groups and labeled viral videos alleging explosions on oil and gas facilities in Rivers State as “fake and malicious.”
The group praised Fubara’s call for security agencies to investigate the videos’ origins and prosecute those responsible.
“Governor Fubara’s insistence on peace and constitutional governance has been clear in all his public engagements. It is disheartening to see such character assassination being perpetuated from the highest levels of the federal government,” Onwubiko stated.
The association questioned why federal authorities have not presented tangible evidence if it exists, arguing, “As far as we are concerned, the dissemination of these unproven claims is not just unprofessional but a dangerous precedent in the democratic space.”
HURIWA also challenged Fagbemi and Onanuga to avoid “pettiness and rumour mongering,” urging them to base their statements on facts.
“It is disgraceful that at a time when Nigerians are yearning for stability and good governance, top officials of the federal government are busy engaging in baseless accusations, further tarnishing Nigeria’s image before the international community,” the statement added.
The group further criticized the state of emergency in Rivers State as “unconstitutional, unnecessary, and politically motivated,” asserting that no evidence of war or a breakdown of law and order, as required by Section 305 of the 1999 Constitution, has been shown.
“The AGF and other federal agents must be reminded that the Supreme Court judgment, which is now being used to justify executive overreach in Rivers State, does not license rumour-based governance,” HURIWA noted.
HURIWA urged Fubara to pursue legal action against those making the claims, stating, “even if the judiciary is seen by some as compromised, it is essential to set the record straight by taking advantage of available legal avenues.”
The association called on security agencies to launch a transparent forensic investigation into the allegations and incidents in Ogoniland and other parts of Rivers State, insisting it must remain free of political interference.
“The dangerous game of labeling peaceful citizens as militants without evidence is not only reckless but risks plunging Rivers State into avoidable chaos. Nigeria’s democracy deserves better,” the group concluded.
