FinCEN Files: Firm owned by top Nigerian lawyer flagged in U.S. for moving millions of dollars abroad
25 Sep 2020

A law firm owned by Rickey Tarfa, a senior lawyer facing trial over bribery allegations in Nigeria, has appeared in leaked suspicious activity reports filed with the United States’ Financial Crimes Enforcement Network (FinCEN).

The SAR filed on Rickey Tarfa & Co showed 427 suspicious wire transfers, totalling $2,261,181.22, to multiple accounts within the space of six months in 2013.

The revelation came to light as part of a global investigation, otherwise known as #FinCENFiles, by the International Centre for Investigative Journalists, BuzzFeed, and 108 media partners, including PREMIUM TIMES, in 88 countries.

The leaked files are a large volume of confidential financial reports relating to the transaction activities of world leaders, terrorists, drug dealers and money launderers and filed by banks and other financial institutions to the US Government as required by the Bank Secrecy Act.

The investigation involved 16-month collaborative work involving more than 400 journalists, including those from PREMIUM TIMES.

These flagged transfers involving Mr Tarfa’s firm were made through his firm’s EcoBank Nigeria Plc account between May and November 2013.

AFA Press, a UK-based communications agency, received the sum of $4,359.00 into its Hong Kong and Shanghai Banking Corporation (HSBC) bank account during this period from Mr Tarfa’s law firm.

By Alfred Olufemi, Premium Times, 24 September 2020

Read more at Premium Times

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