The Acting President, Prof. Yemi Osinbajo, and an anti-corruption Chief, Mr Akere Muna, on Monday said banks and other financial institutions withholding illicit funds should be made to face the consequences of the criminal conducts.
Both said this in their separate addresses at the “Conference on Promoting International Co-operation in Combating Illicit Financial Flows and Enhancing Asset Recovery to Foster Sustainable Development’’ in Abuja.
According to Osinbajo, the transfer of illicit funds cannot happen without a “handshake’’ between the countries where the funds are transferred from and financial institutions and countries to which the assets are transferred.
“There is no way it will happen without some form of connivance between international banking institutions and those who transfer these funds.
“So we must work at…
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