Sunday 15 September 2013

Sanusi Says Certain Laws Enable Money Laundering




The Central Bank Governor Sanusi Lamido Sanusi in an interview with the Zero Tolerance Magazine, published by the Economic and Financial Crimes Commision EFCC, has attributed the incessant act of Money Laundering by public office holders to some Laws of the country.
In his words; "Some of the Money Laundering actvities are being facilitated by the kind of laws
we have; we have an Exchange Control Act today that says you can take out any amount of money in dollars from Nigeria as long as you declare it at the ports. People walk out of airports with as much as $3million dollars after declaring it, that is what the Law allows, as long as they declare it and we cannot stop them"

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