The third bold step was the promulgation of the Money Laundering Act of 1995 and the Advance Fee Fraud Act of 1995, the latter popularly called “419”, which was to address the offences of obtaining by false presentment, financial sums from victims. These laws, however, were not as effective as anticipated over the years, due to a lack of serious cases of successful prosecution.
For that reason, we must do all we can to ensure that the economic foundation is and remains sustainable, -  from compliance with the convergence criteria, especially in the sense of sustainability,  -  to an adequate level of internal flexibility and innovativeness.