INTERPOL unveils ‘Silver Notices’ shocker on Nigeria

INTERPOL has announced that hundreds of thousands of dollars are being laundered out of Nigeria every hour, with funds illicitly flowing across Africa and the globe.

This revelation was made public by Garba Baba Umar, INTERPOL Vice President for Africa, during a four-day workshop in Abuja aimed at strengthening the capacity and coordination of Nigerian law enforcement agencies against financial crimes.

The workshop, themed “Strengthening Capacity and Coordination against Financial Crimes,” highlighted the growing challenge of transnational money laundering. Umar emphasized that the profits from these illegal activities fuel further crimes, including drug trafficking, fraud, corruption, and violence, severely impacting both Nigeria and the global financial system.

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In response to this alarming trend, INTERPOL has launched the “Silver Notices Against Money Laundering” initiative, designed to hinder the movement of illicit funds worldwide. This initiative aims to tighten the noose around money launderers, making it increasingly difficult for them to move and enjoy the proceeds of their crimes.

Umar stressed the importance of continuous training and strategic reassessment for law enforcement agencies to stay ahead of the ever-evolving tactics of financial criminals. He called for a unified effort to combat these transnational crimes, ensuring the security of citizens and the integrity of financial institutions both in Nigeria and globally.