Lagos, Rivers headquarters of money laundering, alleges Magu
THE acting Chairman of the Economic and Financial Crimes Commission, Mr Ibrahim Magu, on Tuesday described Rivers and Lagos states as the headquarters of money laundering in Nigeria.
Magu said Lagos State was the first in terms of money laundering, adding that the unenviable position was followed by Rivers.
The acting EFCC boss spoke with journalists in Port Harcourt, saying the rate of money laundering in Port Harcourt was high as a result of the oil business going on in the city.
He said, “I think Rivers State is the next to Lagos in terms of crime. This (Rivers) is the headquarters of money laundering because there is a lot of oil money here.
“I think you can rate Port
Harcourt the second to maybe Lagos when you talk of people playing with sinking, diving, hiding, maybe because of the large space of oil deals.”
Maintaining that the judgment halting the EFCC from probing the Rivers State governors would not stand,
Magu explained that the court order obtained by the former governor of the state, Dr Peter Odili, retraining the anti-graft agency from investigating government officials in the state had been overtaken by event.
Magu said, “Nothing is going to stop us; even the issue of the court order allegedly obtained by Dr Peter Odili and others to stop the EFCC from investigation and prosecution has been overtaken by event.
“I am telling you that the judgment cannot stand; it will only take some time. It cannot hold and we are going to conclude the investigation. There are so many investigations we are doing.
“We will take it before the court; let the court refuse to prosecute their cases. I am sure the matter has suffered for about 13 years now; we are going to test it. The matter is in the Supreme Court, we will follow it up.”
He said the anti-graft agency had been able to secure the conviction of three former governors, adding that 1,245 convictions were recorded in 2019.