The European Commission has added Nigeria, Saudi Arabia, Panama and other jurisdictions to a blacklist of nations who are involved in dirty money. 

While the move triggered criticism from several EU states worried about their economic relations with the listed states, notably Saudi Arabia, it was further gathered that newcomers to the list are Libya, Botswana, Ghana, Samoa, the Bahamas and the four United States territories of American Samoa, US Virgin Islands, Puerto Rico and Guam. The other listed countries are Afghanistan, North Korea, Ethiopia, Iran, Iraq, Pakistan, Sri Lanka, Syria, Trinidad and Tobago, Tunisia and Yemen.

An EU executive who confirmed that Nigeria and some countries have been added to the blacklist of nations, said; 

“The European Commission adopted today a list of 23 third countries with weak rules against money laundering and terrorism financing. I would like first to explain the context and our main objectives.

“The EU must not be a destination for illicit money. The EU financial system must not serve as a vehicle for money laundering and must not serve as an instrument for financing crime including terrorism,” said Vera Jourova, EU commissioner for justice and gender equality."

The list was drafted after a crackdown on money laundering after several scandals at EU banks, and it was learnt that 28 EU member states now have one month, which can be extended to two, to endorse the list. They could reject it by qualified majority. Apart from reputational damage, inclusion on the list complicates financial relations with the EU with the bloc’s banks having to carry out additional checks on payments involving entities from listed jurisdictions.


https://unclesuru.com/2019/02/14/eu-blacklists-nigeria-for-money-laundering-terror-financing-risks/


lalasticlala, seun, mynd44

Fake news anyways
I Remember PDP How Ghost companies got multimillion dollar contracts through NPA

REMEMBER PDP When GEJ gave Engr. Eze Arthur $466.5 million in order to weaponize six Puma helicopter which can purchase 40Brand new helicopters