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An associate fellow of London-based Chatham House, Mathew Page, has advised investigators to focus on real estate and education sectors, when tracking illicit financial flows and money laundering.
He gave the advice in a paper he presented entitled, ‘IFFs through the real estate and education sectors: Implications for Investigators’ at a virtual capacity building forum for investigators on investigating Illicit Financial Flows (IFFs), on Tuesday.
Page stressed that focusing on the two sectors – education and real estate – had become necessary as they provide opportunities for Politically Exposed Persons (PEPs) in Nigeria to launder money and indulge in IFF., the News Agency of Nigeria reports.
By Philomina Attah
Abuja, April 27, 2021 Mathew Page, an associate fellow of Chatham House, London, has advised Independent Corrupt Practices and Other Related Offences Commission (ICPC) investigators to focus on real estate and education sectors, when tracking illicit financial flows and money laundering.
He gave the advise in a paper he presented entitled “IFFs through the Real Estate and Education Sectors: Implications for Investigators” at a capacity building forum for ICPC investigators on investigating Illicit Financial Flows (IFFs), on Tuesday, in Abuja.
Page stressed that focusing on the two sectors had become necessary as IFFs had provided opportunities for politically exposed persons (PEPs) in Nigeria to launder money through real estate and education sectors.
Good evening Ladies and Gentlemen of the Press and welcome to this week’s briefing.
I am delighted to be here to interact with you once again and I appreciate the great work you are doing to support the Government in this collective fight against COVID-19.
In our sustained efforts to contain the threat of COVID-19 pandemic and protect citizens, the Federal Government through NPHCDA under the guidance of the Presidential Steering Committee and the Federal Ministry of Health has continued to implement several preventive measures in order to save lives.
The vaccination against COVID-19 is currently ongoing in all States of the Federation. Our collaboration with health officials and other stakeholders at the National, State, LGA and community levels in the vaccination exercise has yielded substantial results.
Minister, NCC fail to act on officials indicted in N122m fraud
The NCC confirmed that its officials stole public funds but refused to ensure they are disciplined as prescribed by anti-corruption laws. 4 min read
Two weeks after his office was contacted by a group to take action against two officials of the
Nigerian Communications Commission (NCC) enmeshed in a N122 million fraud, Minister of Communications, Isa Pantami, has failed to act.
Although the NCC admitted its officials stole public funds, it has equally refused to ensure they are properly sanctioned as prescribed by anti-corruption laws.
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On Sunday,
TheCable reported that the governor signed a law establishing an anti-corruption agency with “exclusive” rights to probe cases of corruption that have to do with the state.
This nascent agency will take over cases relating to Lagos from agencies like the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC).
The news stirred criticism on social media as some Nigerians questioned the motive of the law.
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But speaking on Arise TV on Tuesday, Omotosho said the law was not enacted to protect any personality, adding that the insinuations are a product of the fertile imagination of critics.