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How Do Politician Normally Hide Their Loots? - Politics - Nairaland

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How Do Politician Normally Hide Their Loots? by softguy1: 12:45pm On Jan 21, 2022
Yes as funny as that question might look, but I am eagerly interested in knowing how all this monsters in human form usually hide their loot without being discovered...

apart from Abachas loot discovering there are many other politicians that has looted million and billion from the county fund, but yet where they keep this money is no where to be found..

Does it mean those money are been taken to abroad or they usually put it on another person account that is not related them? or it is been kept somewhere or buried on the group... or do banks and government normally discover the money and form ignorant?


Mynd44 OAM4J abeg help and push this to front page so that everyone will see and answer this

one day we will make our country better
Re: How Do Politician Normally Hide Their Loots? by Charleys: 1:54pm On Jan 21, 2022
You don't hide it, you launder it....

Imagine this, washing the money and making it clean and putting it back into the bank so EFCC can't track it.

The money becomes clean. They won't realize you did something wrong.

You'll need to grease the palms of some people. In fact you need to know people and take advantage of some laws.
Re: How Do Politician Normally Hide Their Loots? by colorsofrainbow: 1:58pm On Jan 21, 2022
Crypto has made it easier for them
Their personal advisers are there for this sake
Re: How Do Politician Normally Hide Their Loots? by softguy1: 4:14pm On Jan 21, 2022
Charleys:
You don't hide it, you launder it....

Imagine this, washing the money and making it clean and putting it back into the bank so EFCC can't track it.

The money becomes clean. They won't realize you did something wrong.

You'll need to grease the palms of some people. In fact you need to know people and take advantage of some laws.


You might be right... maybe they invest it in some other things and Make it looks as if it came from those things

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