Nigeria’s Economic and Financial Crimes Commission, EFCC Boss, Abdulrasheed Bawa, has revealed receiving threats to life from suspected money launderers, particularly those slated for investigations.
The anti-graft agency’s chairman also said that he is not worried about the intimidations, stressing that he is determined to prosecute the many pending cases under trial.
Bawa disclosed that the agency is equally working towards developing a biometric ownership database to address money laundering.
He stated this while addressing journalists on Thursday during the weekly ministerial chat at the State House in Abuja.
Although Bawa declined to disclose actual perpetrators of the crimes or the number of properties involved, he said the agency had made since his assumption, including N6billion, 161 million dollars, and 13,000 thousand pounds, among other discoveries.
He declared that the agency would stop at nothing to tackle internet fraudsters, also known as ‘yahoo boys,’ that the agency has in custody some fraudulent persons totalling One Thousand and two.
Counting from January down to June 2021, the EFCC Boss recalled frantic efforts in filing about eight hundred cases in court.
The anti-corruption agency’s chairman also refused to drop the names of individuals and groups threatening his life since the agency declared war against corruption.
He further informed the journalists about all the ongoing prosecutions and challenges encountered daily. He pointed out that there are increasing financial crimes cases, numbering from when he assumed leadership at the agency.
Bawa further disclosed that since his first 100 days in office, the agency has been working on several proactive strategies, including a unique control unit against money laundering, established particularly to address non-designated financial institutions.
These institutions, he said, include car dealers, real estate, jewellery dealers, among others. Bawa said that he is confident that corruption will significantly decline when the unit is fully functional.
According to him, most proceeds of crime are laundered through real estate and have become a sizable challenge. He mentioned examples of property acquired, especially in Lagos, Abuja, and Port Harcourt, where billions of naira are laundered through this means.