Wednesday, December 30, 2015

USA Africa Dialogue Series - SPECIAL REPORT: Inside the massive money laundering in Nigeria's National Assembly - Premium Times Nigeria

"Nigeria's lawmaking body, the National Assembly, is entangled in horrid abuse of the nation's financial regulations, especially in its banking transactions, in the last six years, PREMIUM TIMES can authoritatively report.

Investigation by this newspaper, spanning weeks, revealed that between 2009 and 2015, the management arm of the federal legislature led by the Clerk, Salisu Maikasuwa, his predecessor, Yemi Ogunyomi, and their representatives, extensively violated the Money Laundering Act (2004, 2011) in banking transactions leading to the withdrawals of about N42 billion of public funds. 

Some members of the lawmaking arms of the legislature – Senate and the House of Representatives – were also involved in the violation of an Act they laboured for months to enact."




- Ikhide

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