EFCC Raids Firms, Arrests Owners for Money Laundering
Segun Awofadeji in Bauchi
The Special Control Unit Against Money Laundering (SCUAML) of the Economic and Financial Crimes Commission (EFCC), Gombe Zonal office, has raided Hamabb Motors Nig. Ltd. along Atiku Abubakar Road, Jimeta Yola, Adamawa State and Halal Synergy Limited along Galadima Aminu Way, Jimeta for non-compliance with the provisions of Money Laundering (Prohibition) Act, 2011 (as amended).
According to a statement by the spokesman of the EFCC, Gombe Zonal Office, Bello Bajoga, in Bauchi Thursday, “The companies failed to adhere to the regulations of Designated Non Financial Institution (Regulatory Manual) 2013 that regulates the activities of DNFIS.”
The statement also said that during the raid, the owners of the companies, Alhaji Abba Galadima and Alhaji Mansur Abdurahman, were arrested.
“Several efforts made by the SCUAML officers from Zonal office by serving the companies with letters of notification for registration in June, 2016, as well as inspection and sensitation in July and November 2017 respectively to register proved abortive,” the statement added.
It further stated that another observation letter was equally served on the companies sometime in 2017 to comply with the law but also yielded no results.
“The companies’ actions violated the provisions of Section 3; Section 5 (a) & (b), Section 9 and 10 of Money Laundering (prohibition) Act, 2011 (as amended), as clearly stated in the observation letters issued to them.
“Their non compliance resulted to non registration with SCUML, non reporting transactions and accepting cash payment exceeding the threshold provided by law,” the EFCC zonal spokesman said.