Interpol Vice President for Africa, Garba Umar, has revealed that hundreds of thousands of dollars are being laundered out of Nigeria every hour, according to an investigation by the International Police Organisation.
Umar made this disclosure at a four-day training workshop for Nigerian law enforcement agencies at the EFCC Academy in Abuja.
He emphasized that money laundering has become a significant problem worldwide, with Africa being a major target.
To combat this, Interpol has introduced Silver Notices.
Umar warned that the successful laundering of criminal money leads to increased crime, including drug trafficking, fraud, corruption, and violence.
He also noted that it harms financial institutions and honest Nigerians, who ultimately bear the consequences of these criminal activities.
