Sh25 Billion Kenya-Nigeria Money Laundering Attracts Interpol Interest

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"Investigations by Interpol have revealed that more than Sh25 billion was wired into Kenya from Nigeria between October and November 2020.

A source privy to the matter has since confidentially disclosed that three Nigerians suspected to enjoy the backing of a powerful Kenyan politician and two Kenyans wired the cash in US dollars and Euros to Kenyan banks through multiple companies registered locally with shared ownership and suspect addresses...

A network of six firms — OIT Africa, Avalon Offshore Logistics, RemX Capital Ltd, RemX Ltd, RemX Investment Partners and Multigate Ltd — moved Sh25.6 billion from Nigeria to Kenya before wiring some of the funds to countries in Europe and Asia..."

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KES25 Billion is approximately US$216,000,000.

Consider:

USA GDP: $25 Trillion

Kenyan GDP: $123 Billion

Nigerian GDP: $498 Billion.

This means that a Kenyan or Nigerian laundering $216 million is equivalent to an American laundering roughly $40 Billion to $60 Billion.

This cannot happen unless there is a very powerful shadowy criminal organisation, that has pocketed, or intimidated government officials whose job is to prevent such crimes from occurring.
 
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