Money Laundering: UK Takes Crucial Decision on Nigeria, Presidency Reacts
- Nigeria is now off the UK's list of high-risk nations in connection to illegal financial deals
- The presidency announced this on Sunday, April 11
- Moreover, according to the presidency, foreign investments are thriving in the country following the federal government's efforts to combat crimes
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It seems that the federal government's efforts to fight and stamp out financial corruption in Nigeria through its anti-graft agencies are paying off.
Having observed the government's recorded successes in this regard, the United Kingdom has removed Nigeria from the list of high-risk countries for money laundering.
Source: Twitter
The good news was made known by a presidential media aide, Lauretta Onochie, on Sunday, April 11, via her Twitter page.
Onochie also noted that foreign investors continue to troop into the country, despite widespread news of sponsored terrorism.
Her tweet:
"Nigeria's efforts at combating money laundering and illicit financial flows are paying off. The United Kingdom has exempted Nigeria from its list of high-risk countries for money laundering.
"Again, In spite of d sponsored terror in Nigeria, foreign investors continue to flood in."
Meanwhile, John Campbell, a former ambassador of the United States (US) to Nigeria, had said that his country cannot assist Nigeria in terms of insecurity at the moment until the federal government dealt with human rights abuses by security operatives.
Specifically, Campbell noted that the US government cannot assist Nigeria financially because the former's laws would not permit it to offer monetary and technical aids to security forces that are surrounded by allegations of rights violation.
The former American envoy suggested that if the government hopes to get anything from the US, it must first do all within its power to restore the confidence of Nigerians in its armed forces.
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Campbell, however, noted other allies of Nigeria can help the government but the US could not do the same because of the restrictions of its laws on rights abuse. Moreover, he stated that the payment of ransom to terrorists is illegal in America.
Source: Legit.ng
