Offshore zones in Africa have since emerged as of particular interest as Russian officials scour for new markets to stash their money. The scandal is related to Russian money of dubious origin. Allegations against Kozelsky have brought to the fore the scourge of money laundering in West Africa. The Inter-Governmental Action Group against Money Laundering in the region (GIABA) expressed concern. According to international experts, the money laundering debacle implicate, mirror the blunder-prone foray by Russia into Africa.

Source: Daily Observer December 09, 2019 10:18 UTC