EFCC targets fraudster using real estate for money laundering

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The Economic and Financial Crimes Commission has said the antigraft agency is beaming its searchlight on suspected fraudsters using real estate for money laundering.

“It is an investigation that is going on; not that we have identified any specific entity to these proceeds of crime, but we are working to unravel what those areas are,” he said.

He said the need to make the public aware of the expanded scope of the Money Laundering Act 2022 as against the repealed Money Laundering Prohibition Act 2011 necessitated the workshop. In her presentation, Mr Dele Oyewale, the Assistant Commander, Public Affairs Unit of EFCC, Abuja, tasked journalists on investigative reporting, to provide leads for the commission.

 

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