Shell Energy Entrepreneurs banner Yudala banner
Money Laundering: Coalition petitions EFCC, seeks investigation of bureau de change operator and bank

By News Express on 20/12/2015

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 1,593

The Civil Society Network Against Corruption (CSNAC) has sent a petition to the Economic and Financial Crimes Commission (EFCC), urging it to urgently investigate the bureau de change operator and the bank that said to be recently involved in a N310 million currency exchange transaction reportedly involving some security aides attached to Senate President Bukola Saraki.

The group said the petition was informed by a December 6, 2015 report by US-based online newspaper Sahara Reporters to the effect that agents of the Department of State Security Service (DSS) assigned to Dr. Saraki had stolen N310 million from funds an operator of a bureau de change operator was transporting to the Senate President. The Senate President has dismissed claims that he was the owner of the said sum of money stolen by the DSS officials.

In the petition signed by its chairman, Olanrewaju Suraju, the CSNAC said the matter is clearly a case of money laundering. The group wrote:

“The Bureau de Change operator had withdrawn over N310million cash for the said business transaction in gross contravention of established rules by the Central bank of Nigeria and Anti-Money Laundering (Prohibition) Act 2011. Section 1 of the Act provides:

“No person or body corporate shall; except in a transaction through a financial institution, make or accept cash payment of a sum exceeding-

1. #5,000,000 or its equivalent, in the case of an individual; or

2. #10,000,000 or its equivalent in the case of a body corporate.

“This transaction is a clear violation of the Act in reference and constitutes an offence within the powers of your Commission. What remains a mystery is why a bank will authorize the withdrawal of such a huge amount of money in defiance of the law on money laundering and laid down rules and procedures.”

Continuing, the petition said: “CSNAC is therefore by this petition, demanding that the Commission launches a full scale investigation into this incident. More importantly, to identify the operator of the Bureau de Change, as well as, the bank that allowed the withdrawal of the over N310million, to ensure their prosecutions under the Act.

“Your effective investigation and prosecution of this matter, will again send a strong message to would be perpetrators of such crime that Nigeria is no longer a safe haven for corrupt practices in its various forms.”

•Photo shows EFCC Chairman Ibrahim Magu.

Source News Express

Posted 20/12/2015 10:11:18 AM


Share on facebook Yahoo mail icon Gmail icon Share on Google+



Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!


You may also like...
Dogara inaugurates House Committee on Legal Reforms

Lagos Assembly to amend lavish pension law for...

Accident Update: Schumacher in coma, fighting for life...

Music star Burna Boy charged to court for...

Shell manager, businessman die in search of sex...


Akwa Ibom Govt. appoints Acting Chief Judge

APC receives Atiku’s resignation letter

Tinubu a rare progressive political strategist: Aregbesola •Celebrates...

Trouble in CAN, pastors move against Oritsejafor

Rivers Police Commissioner dies after brief illness

Quit Notice: Nigerian Embassy in South Africa restrategises...


Latest News 2019 Presidency: Northern leaders shop for consensus candidate •Set criteria for contenders 34,826 dump PDP for APC in Niger Bayelsa set to host the world, as global leaders storm Yenagoa for 2018 Africa SME Roundtable Forum Zamfara killings getting out of hand — IGP Ibrahim Idris Obasanjo opposes Niger Delta leaders’ call for resource control Cows on airport runway: FAAN apologises to Air Peace, passengers VPI: Nigeria soon to decide on observer status, says AGF Trump blames FBI for deadly Florida school shooting Cyber security: The winner takes it all Prof. Akinwunmi’s death a huge loss — Tinubu Peace Corps Bill not dead — NPC Crisis looms in Anglican Church


Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (324,689 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (316,176 views) Shameless Genevieve Nnaji exposes breasts in public (252,797 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (207,496 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (193,954 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (186,470 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (162,077 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (145,437 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (139,717 views) Lagos plane crash: Journalist releases victims’ names (128,591 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (127,069 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (122,415 views)


Categories Advertorials (3) African Press Organisation (81) Art & Literature (34) Business (2,894) Business Verdict (33) Columnists (802) Complaints & Requests (94) Enterprise & Opportunities (203) Entertainment (442) Features (548) Global Business Monitor (225) International (1,795) Interviews (143) Live Commentary (28) Love Matters (104) News (32,908) Opinion (883) Pidgin (10) Politics (4,500) Religion (676) Sports (1,433) Stock Watch (27) AMA & Al Jazeera Global Update


CBN Banner advert

CBN Words on marble



Football president George Weah puts Liberian army to the test


APO Group Partner



Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera