Friday, 19 September 2014

• SERAP Urges Financial Action Task Force To Sanction Nigeria Over Nine Point Three Million Dollar Cash Seized In South Africa

The Socio-Economic Rights and Accountability Project, SERAP, has urged the Financial Action Task Force, to investigate the admission by the Nigerian government that it hired a private jet to convey nine point three million dollar cash to procure arms in South Africa.

The Executive Director of SERAP, Adetokunbo Mumuni in a letter to the President of FATF, Roger Wilkins, urged him to consider applying appropriate sanctions and measures to deter the practice in future.

He said the organisation which is charged with the responsibility of checking money laundering and financing of terrorism, is best positioned to look into the matter.

Nigeria is a member of the Financial Action Task Force.

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