EFCC says $129 Billion fraudulently transferred out of Nigeria in 10 years

Lamorde

When will corruption and massive looting end in Nigeria? The Economic and Financial Crimes Commission (EFCC) recently disclosed that about $129 billion (N20.6 trillion) was fraudulently transferred out of Nigeria in the last ten years. Quite shocking. The Ibrahim Lamorde-led commission while quoting the Global Financial Integrity, based in Washington DC, cited some of the sources to include tax avoidance, corruption, tax evasions, illegal mining activities, drugs and human trafficking.