Most rich Nigerians made their money from dirty activities – Ribadu


A former Chairman of the Economic and Financial Crimes Commission, EFCC, Nuhu Ribadu has revealed that most rich Nigerians made their wealth by engaging in illegal activities.

Ribadu noted that the escalating act of terrorism in the country was as the result of support from affluent Nigerians.

The former presidential candidate made this disclosure while speaking in Abuja at the 2nd Anti-money laundering/combating financial terrorism stakeholders’ consultative workshop organised by the Association of Certified Anti-Money Laundering Specialists.

He further noted with regrets that terrorism and other money laundering activities had made Nigeria to lose huge funds.

He said, “everything that is wrong about Nigeria has to do with dirty money. If you can follow it, get it back and punish these people, then you have cured the problem of Nigeria.

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“When I look around, I see a lot of investments done with dirty money. Government needs help in identifying and arresting these people. Though it may seem like a daunting task, with professionals like ACAMS, Nigeria is poised to achieve this.”

Speaking futher, the former anti-corruption boss stressed the need for a collaboration between relevant stakeholders to fight money laundering and curb terrorism financing.

He said, “In 2003, Nigeria was on the blacklist of most developed countries especially the US for money laundering”


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