EFCC decries ineffective regulation in built environment
Bawa said this when he received members of the House of Representatives adhoc committee investigating some real estate developers led by the chairman, Blessing Onyeche Onuh, at the headquarters of the commission in Abuja
The EFCC spokesperson, Wilson Uwujaren in a statement, said Bawa declared the real estate sector as a major conduit for money laundering in the country.
He appealed to lawmakers to insist on the enforcement of regulations by relevant authorities as a way of checking sharp practices and money laundering by operators in the sector.
“Real estate is the highest avenue through which corrupt Nigerians launder proceeds of crime. When I heard of your committee, I thought this was an opportunity to work with the representatives of the people, to discuss how we can deal with this issue”.
The EFCC boss urged them to prevail on those charged with the responsibilities of regulating the sector in the federal capital territory, to do their jobs.
He assured that the commission is determined to fight financial crimes in the sector, which is the reason it has restructured the Special Control Unit against Money Laundering, SCUML to enhance its performance.
Earlier, the chairman of the committee, Onuh, said the committee was at the EFCC to seek the agency’s help in achieving its mandate.
“We know the role the EFCC plays in check-mating corruption in the society and we recognise that the commission has value to add through the activities of this committee, hence we seek to partner with you.”
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