Abdulrasheed Bawa Chairman of the Economic and Financial Crimes Commission, said real estates are safe haven of money launderers.
While receiving the president of the Nigerian Institution of Estate Surveyors Valuers (NIESV), Emmanuel Wike, Speaking on Thursday, Bawa stated how they discovered a retired civil servant built a University in Kaduna.
He said;
“Just last month, we discovered a retired civil servant built a University in Kaduna and nobody, including your members, reported such transactions.
‘’So, I’m still bold to say that the real estate sector is one of the easiest places for money launderers. That’s why we’re empowering SCUML with all the necessary tools to enable us achieve our mandate, so whatever we are doing is backed by the law”
The EFCC boss, have charged members of the NIESV to comply with extant laws regulating their practices by furnishing the EFCC with full details of suspicious transactions in line with the Money Laundering Prevention and Prohibition Act (2022).
The President of NIESV, who praised the EFCC for prosecuting high profile corrupt individuals, assured the anti-graft agency that his members would collaborate with the EFCC by exposing the bad eggs in the profession.
