Africa loses $50b per annum to money laundering

Economic and Financial Crimes Commission (EFCC) on Thursday said African countries lose $50billion to money laundering annually.The anti-graft agency added that a large chunk of the outflow was made up of illegally acquired assets spread all over the world.Zonal Head, EFCC Ilorin Isyaku Sharu, stated these to reporters in Ilorin during a road walk show … Continue reading Africa loses $50b per annum to money laundering

Senate seeks death penalty for rapists, paedophiles

THE application of death penalty to rapists would go a long way to serve as a deterrent to the menace, the Senate said yesterday after expressing concern over the rising wave of rape and defilement of minors in the country.Besides resolving on death penalty for offenders, the lawmakers underscored the necessity to review relevant laws … Continue reading Senate seeks death penalty for rapists, paedophiles