N21 trillion has been laundered out of Nigeria in 10 years – EFCC chairman

Ibrahim Lamorde EFCC boss

The chairman of the Economic and Financial Crimes Commission (EFCC) Ibrahim Lamorde has said that an estimated  $129 billion (N20.6 trillion) was illegally transferred out of Nigeria in the last 10 years.

He said this at a seminar organized by the Swiss Confederation and the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA), in cooperation with the Government of Nigeria.

He also said that the Nigerian financial intelligence unit domiciled within the EFCC estimated that between 2009 and 2013, about $25.4 billion were moved out of the country through cross border physical movement of cash and financial instruments.

Read more: Daily Trust

One comment

  1. you sit down drinking tea in your office. who ask you all this nonsense. they laundered that amount and you can not arrest them. shame

  2. you sit down drinking tea in your office. who ask you all this nonsense. they laundered that amount and you can not arrest them. shame

  3. you sit down drinking tea in your office. who ask you all this nonsense. they laundered that amount and you can not arrest them. shame

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cool good eh love2 cute confused notgood numb disgusting fail