The Chairman of the Economic and Financial Commission (EFCC), Mr. Abdulrasheed Bawa described money laundering as a very sophisticated crime that every country should be aware of because of its impact on the economy.
Bawa made the statement at a two-day workshop on developing a robust anti-corruption and anti-money laundering landscape in Nigeria organized by the Attorney General’s Alliance-Africa Program (AGA-Africa) in collaboration with the Nigerian Institute of Advanced Legal Studies (NILS) Lagos.
Represented at the workshop by the EFCC board, Mr. Rotimi Oyedepo (SAN), Bawa added that although money laundering is a global phenomenon, the level of its effects varies from country to country, and the anti-money laundering action seeks to make it more difficult. launderers to hide the profit of crime.
Also speaking at the workshop, Prof. Yemi Akinseye-George (SAN) said the abolition of trial stays in the new Criminal Justice Administration act is good because it eliminates time wasted in criminal courts.
He further suggested that the trial and the trial within the trial should be conducted simultaneously in order to reduce the duration of the trial.
Other speakers at the workshop included the Director General of the Nigerian Institute of Advanced Legal Studies (NIALS) Prof. Mohammed Tawfiq Ladan; Director General of the Financial Intelligence Authority (FIA), Malawi Dr. Jean Phillips-Print; Dr. AS Anthony Idigbe (SAN); Prof. Dayo Ayoade; Dr. AS Esa Okibe Onoja; Mr. Todd Turnbleson; Mr. Marcus Green; Dr. AS Olajide Bello; Dr. AS Ibe Okegbe Ifeakandu; Mr. Mac Atom and Mr. Mac Atom Mike Igini.