Get Latest Tori News Alert!
Enter your email below.

Delivered by FeedBurner





Hot Stories
Recent Stories

Real Estates Are Safe Haven Of Money Launderers - EFCC Chairman, Bawa

Posted by Amarachi on Fri 10th Jun, 2022 - tori.ng

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.

Bawa

Abdulrasheed Bawa

Chairman of the Economic and Financial Crimes Commission, Abdulrasheed Bawa, has stated that the real estate sector is a 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.
 



Top Stories
Popular Stories


Stories from this Category
Recent Stories