Africa

Looted billions leave Nigeria daily

Looted funds in billions of naira are still moved out of Nigeria on a daily basis and for failing to alert Mrs. Farida Waziri, the Director in charge of the National Finance Intelligence Unit (NFIU) of the Economic and Financial Crimes Commission (EFCC) Mr. Hashina Okaro was yesterday placed on indefinite suspension. He was accused of failing to alert the commission of illegal financial transactions reported to his office.

Daily Trust gathered that EFCC Chairman Mrs. Farida Waziri ordered Okaro’s suspension on Tuesday after it was discovered that he refused to report cases of huge monies transferred out of Nigeria to other countries, as is required of his office.

An EFCC source yesterday said the case of transfer of billions of naira from a Rivers State Government account which recently rocked the state was actually reported to the NFIU but that the director did not report same to the chairman.

The source further said upon Mrs. Waziri’s recent visit to England, she met with officers of the Metropolitan Police and Interpol where she discovered that billions are still being transferred out of Nigeria illegally on a daily basis.

He added that she launched an inquiry into the findings from her meeting with Interpol and the Metropolitan Police to unravel how the illegal transfers escaped the attention of the commission.

It was gathered that the findings of her inquiry revealed connivance between banks and money launderers on one hand while the commission was shocked to discover that the reports of some of those transfers were forwarded to NFIU.

“The discovery of Okaro’s inaction led to his immediate suspension by the chairman,” said the source, adding that the suspension is indefinite. When Daily Trust sought the comment of the EFCC’s spokesman, Femi Babafemi, he was said to be out of the country.

 

Daily Trust News

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