A Nigerian civil rights activist based in the United States of America, Mr. Smart Ajaja, yesterday, revealed how some Nigerians abroad serve as conduit pipe through which treasury looters starch their ill-gotten wealth abroad.
He said although some volunteers in the diaspora were willing to.......
assist President Muhammadu Buhari-led Federal Government to identify and recover some of the looted funds, the government should do a lot more to block movement of physical cash out of the country.
Ajaja, while responding to questions from journalists in Abuja on whether there was anything Nigerians living abroad were willing to do in order to assist government’s efforts in recovering the looted funds, stated that except such exit route was blocked, stolen funds would continue to find their ways abroad.
The activist noted that the corrupt persons could not have transferred most of the looted monies abroad without the help of some Nigerian in the diaspora but observed that the Bank Verification Number (BVN) policy introduced by the Cenral Bank of Nigeria (CBN), to a great extent, assisted in identifying the looted funds.
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