Vice President Yemi Osinbajo has urged ECOWAS member0states to treat seriously the challenge of money laundering and illicit financial flows as it has become a threat capable of wiping out countries if it is not urgently dealt with.
Speaking at the 18th ministerial committee meeting of the Inter-governmental Action Group Against Money Laundering in West Africa (GIABA), Osinbajo said that action must follow the commitment to fight transnational organised crime, money laundering, and terrorist financing.
‘’We are dealing with an existential threat. Its either we wipe it out or it wipes us out. This should spur us to treat money laundering and all other financial crimes with zero tolerance.