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The Nigerian mafia in Tokyo engages in heroin dealing with the yakuza, the prostitution of Filipino women, money laundering, car theft and arranging fake marriages, amongst other crimes. [45] Following a number of incidents at Nigerian-owned bars in which patrons were drugged and robbed, the United States embassy in Japan issued a warning to US ...
The EFCC was established in 2003, partially in response to pressure from the Financial Action Task Force on Money Laundering (FATF), [2] which named Nigeria as one of 23 countries non-cooperative in the international community's efforts to fight money laundering. [1] The agency has its head office in Abuja, Nigeria. The EFCC was also set up to ...
Money laundering is the conversion or transfer of property; the concealment or disguising of the nature of the proceeds; the acquisition, possession or use of property, knowing that these are derived from criminal acts; the participating in or assisting the movement of funds to make the proceeds appear legitimate. Money obtained from certain ...
Area boys are loosely organised gangs of street children and teenagers, composed mostly of males, who roam the streets of Lagos, Lagos State in Nigeria. [14] They extort money from passers-by, public transporters and traders, sell illegal drugs, act as informal security guards, and perform other "odd jobs" in return for compensation. [15] [16]
Nigeria corruption rating by TI improved from 143rd to the 136th position in 2014. [57] In late 2013, Nigeria's then Central Bank governor Sanusi Lamido Sanusi informed President Goodluck Jonathan that the state oil company, NNPC, had failed to remit US$20 billion in oil revenues owed to the state. Jonathan, however, dismissed the claim and ...
Men in dusty workwear trudge through a thicket, making their way up a hill where sprawling plantations lay tucked in a Nigerian rainforest whose trees have been hacked away to make room for cocoa ...
The Independent Corrupt Practices Commission (ICPC; in full the Independent Corrupt Practices & Other Related Offences Commission) is a Nigerian agency that was inaugurated on 29/9/2000 following the recommendation of President Olusegun Obasanjo.
[citation needed] The money can also be laundered using real estate. A house is built using illegal funds, and when the house is sold, legal money is earned. [31] When drugs are sent over land, through the Sahara, the drug traders have been forced to cooperate with terrorist organizations, such as Al-Qaeda in Islamic Maghreb. [32] [33]