Home Business ICPC WARNS ESTATE DEVELOPERS AGAINST MONEY LAUNDERING.

ICPC WARNS ESTATE DEVELOPERS AGAINST MONEY LAUNDERING.

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The Independent Corrupt Practices and Other Related Offences Commission, has warned estate developers against serving as conduits for Illicit Financial Flows, IFFS.

Chairman of the Commission, Bolaji Owasanoye, disclosed this at the thirteenth Annual General Meeting, AGM, and Conference of the Association held at the Amadeo Event Centre, GRA, Enugu.

Owasanoye, said the Commission was currently investigating cases of fully completed but unoccupied estates in Abuja in order to identify developers serving as channel for money laundering and IFFs.

The Chairman urged the Real Estate Developers Association of Nigeria, to consider direct involvement in low-cost housing constructions nation-wide to assist the Federal Government’s “Housing for All” programme.

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