Nigeria: EFCC Raids Hotels, Real Estate Firm Over Money Laundry

24 April 2013

The Economic and Finacial Crimes (EFCC) has raided two hotels in Abuja and a real estate company over non-compliance with extant regulations mandating Designated Non Financial Institutions, (DNFIs) to register with the anti graft agency.

A statement by the spokesman of the EFCC, Wilson Uwujaren, said "The Special Control Unit against Money Laundering, SCUML, Tuesday April 23, 2013 arrested officials of a real estate firm and two hotels in Abuja for non-compliance with extant regulations mandating Designated Non- Financial Institutions, DNFIs to register with the Unit in line with the anti-money laundering laws."

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