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Money Laundering, Terrorism, Corruption, Human Trafficking In Nigeria

Money Laundering, Terrorism, Corruption, Human Trafficking In Nigeria

Author: Professor Muhammed Tawfiq Ladan (phd)


Date Published: Tuesday, 5-February-2019 8:00:03 PM

In the recent past, more countries are becoming vulnerable to the risks of money laundering and its contagious effects. According to the International Monetary Fund (IMF), the scale of money laundering globally could be between 2% and 5% of World Gross Domestic Product at the very lowest. This translates into a range of anything between USDollars 590 billion to USD 1.5 trillion of laundered money per year. 1 According to a very recent release by the Nigerian Economic and Financial Crime Commission (EFCC), an estimated $129 billion dollars (equivalent to N21 trillion Naira) was illicitly transferred out of Nigeria in the last ten years (2003-2013). This book is intended primarily as an introductory text for law students in Nigerian Universities on this subject. It is hoped that researchers, legal practitioners, judges and the ordinary reader will also find it useful. A conscious effort has been made in every part to provide an appraisal so as to produce a concise work suitable for the needs of the above mentioned target group.