The Chairman, Economic and Financial Crimes Commission, Mr Abdulrasheed Bawa, has said that illegitimate funds finding their way into the nation’s economy are frustrating economic competitions and planning towards achieving economic growth.

Bawa said this while featuring on Channels Television, on Friday.

He noted that the commission is working assiduously to curtail the problem.

Speaking on the dangers of illicit financial flows into the Nigerian economy, the EFCC boss said: “it is a huge problem when you have illegitimate funds finding their way into our economy.

“It stops all economic competitions and planning towards achieving economic growth of the nation. It is really alarming, that’s why we are worried about it.

We are working with other stakeholders to ensure that what needs to be done, is done to curtail the problem, ” he said.