Banks, accounting firms conduit for mass looting – CISLAC




The Civil Society Legislative Advocacy Centre (CISLAC) has blamed banks ,accounting companies ,retail agents and others as enablers of mass looting in the country .

The Executive Director of CISLAC, Auwal Musa stated this in a two-day conference, tagged Exploring New Frontiers in Nigeria’s Anti-money laundering Regime through Effective use of data held in Abuja on Wednesday. 

According to him, most of the private sector are based in the supposedly ‘corrupt free’ world to serve criminal and corrupt elements.

He said the Panama papers, Angola leaks shows that Nigerian business dealings and all other mass financial frauds are powered by highly profitable private’s enablers , who have to be held responsible for their crimes instead to be rewarded with outrage profits and respected careers.

He said though the conference is not a session to apportion blames or point fingers but rather it is a problem solving conference and we hope to draw up recommendations that can suit our realities.

He said CISLAC and Transparency International (TI) have highlighted some of the money laundering and illicit financial flows problems over the years through research, information sharing capacity building and effective collaboration.

He said they have championed for accountability and transparency from the government and sensitized citizens on their roles and responsibilities in this campaign.

Auwal said the Civil Society Organisations in many parts of the world have taken huge steps in supporting government efforts in checking all forms of corruption.

Also, the Acting President is the Association of Bureau Operators of a Nigeria (ABCON) Alhaji Aminu Gwadabe explained that the association is  an umbrella body of over 5,000 body under central bank of Nigeria.

He said they are recognized and they have come out with platforms of compliance to ensure that money laundering is curbed.

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