Chairman of the Economic and Financial Crimes Commission (EFCC) Mrs. Farida Waziri has accused America of "creating a safe haven for looted funds."

Mrs. Waziri said in a chat with the business community during her recent visit to the country that she queried them for not investigating the sources of these monies before permitting investment.


The EFCC boss who was speaking when Director General of Nigerian Tourism Development Corporation (NTDC) Otunba Segun Runsewe paid her a courtesy visit at the headquarters of the commission in Abuja added.

"They know the sources are coming from this part of the world-third world countries."

She said if there were no countries encouraging Nigerian looters they would be forced to invest the money in Nigeria but "they go and buy homes there."

"You are using credit card facilities, they bring cash and you see it and you look the other way and if your citizens buy homes with cash you would investigate. It could only be maybe he won a jackpot or somebody died and bequeathed him otherwise its mortgage which they pay. But this is what happens, an offshore account where they take our monies to and I was also told they have something called death tax so if one dies in the process they take a chunk of that money," she noted.

Briefing newsmen on the debt recovery drive embarked on for banks, Mrs. Waziri said EFCC was pulling out of Lagos on Monday. She said she has also instructed the teams comprising of Police, SSS, NDIC and the CBN to withdraw from the banks.

From Nov 5th daily trust.