Nigerian public officials have stolen more than N74.4tr in the last 25 years, the Co-Chairman, Nigeria Money Laundering and Terrorism Financing National Risk Assessment Secretariat, Sam Onyeka, has disclosed.
Onyeka said until 1990, issues of money laundering were associated principally with drug trafficking.
He said although efforts were ongoing to recover parts of the stolen funds, much of the money was stashed in different bank accounts abroad.
He spoke during a briefing on his book titled: Anti-Money Laundering and Combating the Financing of Terrorism in Nigeria, organised yesterday in Abuja.
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