The Next Edition
  • Home
  • About Us
  • News
  • Featured
  • Investigations
  • Foreign
  • Special Reports
  • Entertainment
  • Interviews
  • Advert Rate
No Result
View All Result
  • Home
  • About Us
  • News
  • Featured
  • Investigations
  • Foreign
  • Special Reports
  • Entertainment
  • Interviews
  • Advert Rate
No Result
View All Result
The Next Edition
No Result
View All Result
Home Headline News

Money Laundering: CACOL Backs EFCC on Oshodin’s Arraignment

Next Edition by Next Edition
August 22, 2019
in Headline News
0
Money Laundering: CACOL Backs EFCC on  Oshodin’s Arraignment
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

The Centre for Anti-Corruption and Open Leadership (CACOL) has hailed the anti-graft agency, Economic and Financial Crimes Commission (EFCC), for investigating and finally securing order for the prosecuting suspect, Mrs Isabella Oshodin, over money laundering of N22.9billion from the former National Security Adviser, Col. Sambo Dasuki (rtd).

Debo Adeniran, CACOL’s Executive Chairman, in a statement issued by Toyin Odofin, the group’s Media and Publications Officer, and made available to NEXT EDITION, stated that the development was heart lifting after many years when top Nigerians were involved in fraudulent allocations, where money meant for the purchase security ammunitions were allegedly laundered by some looters under the former administration.

According to Adeniran, reports had it that Oshodin allegedly received $57.3millioj and N2.3billion from Dasuki, while the money was reportedly received on 16 different occasions in the sums of N500million, N750million;N125million; N350millio; N170millio; N85milio; N60millio; N50million, and others totaling N2.366billion.

He said: “Following different corruption cases in the country, corruption has been the major setback of our system, ranging from money laundering, fraudulent act, bribery, and internet fraudster etc., unless emphasis could be shifted from severity of punishment to certainty of detention in criminal offences, the fight against corruption would remain a hallucination.

“It is against this background that many of our economy watchers, outside and within the country, advocated for more stringent punishments and sanctions against those looters and thieves who continually perpetrate these heists with the belief that grand corruption is still a bailable offence in Nigeria and so, they could easily get away with it.

“While CACOL may seriously frown against capital punishment as a deterrent unlike obtainable in some climes, we believe that for Nigeria to be reasonably ridded of this menace or ogre of corruption, no offender should go away unpunished, irrespective of his or her political cum economic status.”

Tags: Centre for Anti-Corruption and Open LeadershipCol. Sambo DasukiCorruptionEconomic and Financial Crimes Commissionmoney launderingMrs Isabella OshodinNIgeria
Previous Post

Gov. Wike Inaugurates Task Force on Street Trading, Illegal Markets, Motor Parks

Next Post

I don’t need certificate to be president – Buhari tells election tribunal

Next Post
UNIZIK 13th Convocation: President Buhari to Inaugurate 17 projects

I don’t need certificate to be president – Buhari tells election tribunal







The Next Edition

Office Address

Riggs Plaza, 2, Ogunnusi Road, Omole Phase 1, Ikeja, Lagos, Nigeria.

Quick Contact Details

Phone:
+234 805 751 1685
+234 803 301 8430
Whatsapp:
08051679910

Email:
[email protected]

Categories

  • Aviation
  • Beauty
  • Breaking News
  • Business
  • Columnists
  • Editorial
  • Entertainment
  • Fashion
  • Featured
  • Football
  • Foreign
  • Headline News
  • Home & Garden
  • Interviews
  • Investigations
  • North Central
  • North East
  • North West
  • Opinion
  • Parenting
  • Politics
  • Relationships
  • South East
  • South West
  • South-South
  • Special Reports
  • Sports
  • Top News
  • Vox Pops

© Next Edition Business Development Limited

  • About Us
  • Advert Rate
  • Contact Us
  • Privacy Policy
  • Terms of Use
No Result
View All Result
  • Home
  • About Us
  • News
  • Featured
  • Investigations
  • Foreign
  • Special Reports
  • Entertainment
  • Interviews
  • Advert Rate

© Next Edition Business Development Limited