The acting Governor of the Central Bank of Nigeria CBN, Folashodun Shonubi, has said a lot of the trafficking in persons, goods, or services, is done through diaspora remittances.

According to him, this has been a big issue for the apex bank.

Shonubi said it would be helpful if measures could be put in place to control illegal remittances and identify these channels.

The CBN helmsman spoke while delivering a lecture titled, “Diaspora Remittances and Nigeria Economic Development” at the National Institute for Security Studies in Abuja yesterday.

He said, “There are a lot of remittances that are not passing through those channels that people normally ascribe with remittances. We all know that issues of money laundering are always tied to the movement of funds.