News
“Many estates in Abuja and other parts of the country are proceeds of money laundering” – EFCC Lawyer reveals
Chris Mishela, a lawyer who works with the Economic and Financial Crimes Commission (EFCC) has said that some estates springing up in Abuja and other parts of the country are believed to be proceeds of fraud and money laundering.
Speaking at a training session for journalists on effective reporting of the economic and financial crimes in Benin, Edo State, Mishela said they are getting closer to those hiding under real estate to perpetrate money laundering and other financial crimes.
He said;
“In Abuja, you see so many estates coming all over and we believe the source of this fund are unlawful funds. The funds are illegally gotten either from government or from international crime that is used to launder through estate business.
“Real estate is one of the designated and non-designated professions that is also under our obligation under the establishment to do a full disclosure.
“So EFCC is actually working to look into that dimension and the new money laundering Act has provided an opening for the government to look into the aspect of real estate as we saw under the Act.
“It is not an investigation that is going on, rather we have identified specifically that these are proceeds of crime.”
Follow us on social media:-
Celebrity Gossip & Gist2 days ago
Tolanibaj reacts to viral video of schoolgirl who names her as role model (Watch)
-
Celebrity Gossip & Gist2 days ago
“Your presence is deeply missed” – Billionaire mogul E Money vows to raise Junior Pope children, pays tribute to late actor (Video)
-
Celebrity Gossip & Gist2 days ago
“Korra slept with a man when she was 5 months pregnant with our daughter, she sleeps around” – Korra Obidi’s estranged husband, Justin Dean cries out (Video)
-
Celebrity Gossip & Gist2 days ago
“It’s confirmed Chief Priest is not small. Money na water” – Cubana Chief Priest boasts as he’s granted N10m bail