NIGERIA SLIPS BACKWARDS IN ANTI-MONEY LAUNDERING FIGHT – BUT COULD BE POISED TO MAKE IMPROVEMENTS
April 1st, 2010
BY BILL CORCORAN
LAST year, the former executive chairman of Nigeria's Economic and Financial Crimes Commission (EFCC), Nuhu Ribadu, summed up why he thought the west African country's efforts to curb corruption and money laundering has faltered in recent years. "When you fight corruption, it fights back," said Mr Ribadu in June, as he addressed the United States government's House of Representatives committee on financial services on capital loss and corruption in Nigeria, as well as in Africa. "[Corruption] will likely have greater recourses ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.