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Last Updated: Monday, 9 January 2006, 12:11 GMT
Dirty Money
First broadcast January 2006

Nigerian money

Money laundering accounts for hundreds of billions of dollars every year, turning the proceeds of crime into apparently legal funds.

And, according to some studies, virtually none of the cash is ever traced by the authorities.

In a new three-part series, Michael Buchanan investigates the murky world of the money launderers. He discovers what happens to criminally acquired cash once the house is robbed, the drug sold, the bounty killed or the child traded, and how the proceeds of a crime are turned into legitimate funds.

Part Two: Nigeria

Of the hundreds of billions of dollars laundered each year, most harm is done by corrupt politicians.

When they steal state money and send it overseas, it is spent overseas, denying local communities the chance to develop.

Michael Buchanan travels to Nigeria, one of the world's most corrupt countries, to investigate money laundering by politicians.

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