INTERPOL Sounds Alarm on Escalating Money Laundering from Nigeria: Calls for Global Security Cooperation

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On Monday, INTERPOL unveiled a startling revelation: every hour, "hundreds of thousands of dollars" are being illicitly moved out of Nigeria to various destinations within Africa and across the globe. This alarming trend highlights the extensive and pervasive nature of money laundering activities emanating from the country.


Garba Baba Umar, the INTERPOL Vice President for Africa, highlighted this issue during a session at the Economic and Financial Crimes Commission (EFCC) Academy in Abuja. He emphasized that the scale of money laundering has reached a "monstrous dimension," affecting not only Nigeria but the entire continent and beyond. 


INTERPOL has responded by introducing "Silver Notices Against Money Laundering," a strategic initiative aimed at aggressively combating the global issue of illicit financial flows. This measure underscores the need for robust collaboration among security agencies worldwide, particularly within Africa, to curb this criminal activity.


"Every hour, evidence shows that hundreds of thousands of dollars are being funneled out of Nigeria, swiftly making their way to regional and global destinations," Umar stated. "These funds are laundered to finance the lavish lifestyles of criminals, while diligent and honest Nigerians bear the brunt of these unlawful actions."


The call to action is clear: a united front among international security agencies is crucial to stem the tide of money laundering and protect the economic integrity of nations affected by this insidious crime.

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