INTERPOL has revealed that “hundreds of thousands of dollars” are being laundered out of Nigeria to other African countries & across the world every hour.

The organisation also said money laundering across Africa and the entire world has assumed a monstrous dimension, adding that it would require a concerted efforts of every security agencies in Nigeria & other countries.

Garba Baba Umar, the INTERPOL Vice President for Africa, revealed this at EFCC Academy, Abuja.

The INTERPOL official said the organisation has launched what he described as “Silver Notices Against Money Laundering”, saying it is in a bid to frontally tackle the scourge of money laundering & illicit financial flows across the world, especially Africa.

“Evidence has shown that every hour, hundreds of thousands of dollars are flowing out of Nigeria to the region & across the world, laundered before it reaches the pockets of criminals to enjoy the profits of their crimes, while the hardworking & honest Nigerians pay the price of crime.