Mr. Nuhu Ribadu, a former Chairman of the Economic and Financial Crimes Commission (EFCC), on ... PDP counsels Ambode to probe his former boss Fashola Ooni will not be buried this Friday, he has since been buried – Palace source N184 BILLION NDDC CONTRACT SCAM: Two lawmakers involved in shady deals Mr. Nuhu Ribadu, a former Chairman of the Economic and Financial Crimes Commission (EFCC), on Wednesday has said that a lot of investments in Nigeria have been done with 'dirty money'. According to Ribadu, these funds generated through illegal activities are also being used for terrorism financing. Ribadu who made the statement in Abuja at the 2nd Anti-money laundering/combating financial terrorism stakeholders’ consultative workshop organised by the Association of Certified Anti-Money Laundering Specialist, also cited money laundering as a major challenge affecting the country’s growth. According to reports from The Punch: He said Nigeria had yet to maximise its potential owing to terrorism financing and other money laundering activities, noting that the trend was making the country to lose huge funds. He said. “Everything that is wrong about Nigeria has to do with dirty money. If you can follow it, get it back and punish these people, then you have cured the problem of Nigeria. “When I look around, I see a lot of investments done with dirty money. Government needs help in identifying and arresting these people. Though it may seem like a daunting task, with professionals like ACAMS, Nigeria is poised to achieve this.” Ribadu said there was a need for collaboration between relevant stakeholders to fight money laundering and curb terrorism financing. He called for the building of a strong anti-graft institution to spearhead the fight against money laundering, adding that the restructuring of the banking sector had helped to restore confidence in the Nigerian economy. He said, “In 2003, Nigeria was on the blacklist of most developed countries especially the US for money laundering.”