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UK National Crime Centre Raises Alarm Over The Use Of Foreign Students Accounts To Launder Illicit Funds: Freezes 95 Students Accounts

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The United Kingdom National Economic Crime Centre has warned intending Nigerian student wishing to study in Britain to stay clear of any illegal acts, especially being used to launder money into the country.

NECC at a meeting in Abuja with the Federal Ministry of Education said students were usually targeted through social media platforms for the use of their accounts for third party funds transfer, usually for a fee.

The Ministry of Education, in the statement by the Deputy Director of Press and Public Relations, Ben Goong, said, “The British Government has warned intending Nigerian students to the United Kingdom against engaging in money laundering and other criminal activities. The British Government emphasized the need for students to be mindful of how their bank accounts are used, especially for the transfer of illicit funds as this will result in the termination of their studies and prosecution, when caught.

“While pledging to strengthen its fight against money laundering this year, the government disclosed that it discovered and froze 95 bank accounts, mostly belonging to international students.

“It stressed its resolve to take more concrete steps against the activities of money launderers, saying this is prompted by its plan to reintroduce a post study work visa for international graduate students in 2020 which is expected to increase the number of international students, including Nigeria.”

 

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