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Fred Ezeh, Abuja
Some corrupt persons are now using foreign students in the United Kingdom to launder stolen funds, the British Government has raised the alarm.
UK’s National Economic Crime Centre (NECC), said it recently discovered that international students’ bank accounts are being used as conduits for money laundering in the country.
It confirmed that students are usually targeted through social media platforms for the use of their accounts for third party funds transfer, usually for a fee.
In letter to Federal Ministry of Education, the UK Consulate in Nigeria warned intending Nigerian students to UK against engaging in money laundering and other related criminal activities to avoid sanctions.
The UK government said in the letter that it recently discovered and froze 95 bank accounts, mostly belonging to international students, with over 3 million Euros deposits in 2019 alone.
The British Government however emphasized the need for students to be mindful of how their bank accounts are used, especially for the transfer of illicit funds as such acts would result in the termination of their studies and prosecution, when caught.
It stressed the resolve to take more concrete steps against the activities of money launderers, as prompted by its plan to reintroduce a post study work visa for international graduate students, which is expected to increase the number of international students, including Nigerians.
