Investigation by Abuja Network News has revealed that the Labour Party is funded by the same criminal element funding the terrorist organization IPOB.
The investigation finds out that majority of Labour Party's funding comes from diaspora and a large chunk comes from drug dealers, Yahoo boys and other black marketers of Igbo Extraction across the globe.
The investigation finds out that the funds were transferred/moved to Nigeria using the traditional way typical drug traffickers, human traffickers, prostitutes used to send money back to Nigeria or launder same in Europe and America. These methods involves but not limited to.
A. Cash Trafficking: Large amount of money will be trafficked from America and other European countries using traditional drug peddling routes to either Mexico, Cuba, or a good number of Caribbean Countries. Once the money get to any of these countries there are banks with links to the Cartels who will accept this money as deposits and will be wiring the funds gradually to IPOB contacts across the globe who will in return wire Same to the Labour Party and other interests.
B. Structuring or " Smurfing"
In this scenario the cash will be broken down into pockets amount below the reported threshold of $10,000. Then agents or "Smurfs"will be used to make these deposits into different bank accounts or buy cashier's cheques in small denominations and redirect same to intended recipients often IPOB contacts.
C.Wire Transfer.
Wire transfer entails using corrupt bank officials who make the wire transfer through different banks in different countries in order to merge and hide the trails of the original source.
D. Shell Companies.
This way, the money can be used to buy property in a foreign jurisdiction. Shell corporations help to move the funds/assets around through different routes until it get to the IPOB coffers and then finally to LP pause.
Our investigation also reveals that some top government officials compromise their agencies and provide cover for IPOB to move funds in and around the continent, some even go as far as funding the group via allocation of contracts, auction and other illicit ways.
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