Home Business Rivers State Is The 2nd Notorious State For Money Laundering – EFCC

Rivers State Is The 2nd Notorious State For Money Laundering – EFCC

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The Economic and Financial Crimes Commission, EFCC, has described Rivers State as the second state in Nigeria where money is mostly laundered.

This notorious ranking was revealed by the Acting Chairman of the EFCC, Ibrahim Magu while briefing newsmen in Port Harcourt on the gains of the anti-graft agency.

According to Magu, the rampant cases of money laundering were because of the status of Port Harcourt as an oil city.

“This place (Rivers) used to be headquarters of money laundering. This is because there is a lot of money, oil money, bunkered money and so on.

“You can’t but rate Port Harcourt behind Lagos because here you see people sinking, diving, diving money and even colluding and conspiring with those that hide money but we are watching,” Magu said.

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