Money launderers have taken over fuel business - NDLEA

The National Drug Law Enforcement Agency (NDLEA) has disclosed that many petrol dealers are into money laundering.

The director-general of the agency, Mr. Lanre Ipinmisho, said that the agency would start going after such persons, especially those with non-functional petrol stations, who were still declaring profits.

He said, in Abuja that that the agency had discovered that there were some owners of fuel petrol stations involved in money laundering but hiding under the business.

He noted the worrisome development of the lingering fuel crisis when the products were available for the dealers but prefered to hoard the products and maximise gains instead of making them available to motorists.

According to him, “The agency, in its activities, discovered that there are some individuals claiming to be fuel dealers but for more than two three months, they would not have stock yet they are remitting huge amount of money into their accounts”.

Ipinmisho explained that the agency had started investigating those involved and that they would soon be made to face the law.

He wondered why people would establish a business to serve the interest of the masses but would not bother whether the consumers got the product or not yet they would be smiling to their banks.

“Apart from prosecuting those involved, the agency is seeking for the cooperation of the National Assembly so that any filling station in this category would be sealed”.