HomeNewsIn Two Years, Nigeria Prosecutes Over 100 Terror Financiers

In Two Years, Nigeria Prosecutes Over 100 Terror Financiers

Published on


KEY POINTS


  • In two years, police brought about 100 terror financiers to justice in Nigeria.
  • The effort is to dismantle Boko Haram and ISWAP financial networks.
  • Stakeholder collaboration is necessary for fighting financial crimes.

This, which is part of the country’s broader anti-terrorism strategy, is part of its efforts to break the financial networks that sustain groups like Boko Haram and ISWAP.

According to Secretary to the Government of the Federation George Akume, Tinubu stressed that yet another way of curbing terrorism, among others, is to stop funding the terrorists.

The National Anti-Money Laundering, Combating Terrorism Financing, and Counter-Proliferation Financing Compliance Summit in Abuja addressed this.

Reacting, Akume also said that by taking away the means to destabilize the nation and carry out their terrorist acts, ‘groups like Boko Haram and ISWAP will not have the resources and funds to continue causing mayhem’.

He noted the collaboration of the Office of the National Security Adviser and the Attorney-General’s office which convicted and prosecuted over 100 financiers of terrorism.

On financial crimes: collective action

Furthermore, a couple of successes pointed out included the continuous collaboration of agencies at the summit aimed at curbing financial crimes.

“The fight against financial crime is a collaborative effort between political leaders, financial institutions, law enforcement, and international partners,” she said. ‘This fight can’t be won alone by anyone,’”

Nigeria has also taken both proactive and reactive measures, additional monitoring of financial transactions, international partnership to enhance capability to disrupt criminal networks.

Latest articles

Nigerian NGO Blasts Turkey Over Baby Gorilla Decision

A Nigerian NGO accuses Turkey of blocking the baby gorilla repatriation, calling it a violation of conservation ethics.

PDP Faces Internal War Ahead of National Convention

Internal divisions and mistrust deepen in PDP as the party prepares for its November convention amid growing leadership tension.

IMF Warns Nigeria on Rising Debt, Oil Risks Despite Reform Progress

IMF praises Nigeria’s economic reforms but warns that debt costs, fiscal pressures, and oil volatility could threaten recent recovery gains.

Nigeria Pledges Stable Jet A1 Fuel Supply

Nigeria’s government pledges stronger collaboration with oil marketers and airlines to stabilise Jet A1 supply and promote fair fuel pricing across the aviation sector

More like this

Nigerian NGO Blasts Turkey Over Baby Gorilla Decision

A Nigerian NGO accuses Turkey of blocking the baby gorilla repatriation, calling it a violation of conservation ethics.

PDP Faces Internal War Ahead of National Convention

Internal divisions and mistrust deepen in PDP as the party prepares for its November convention amid growing leadership tension.

IMF Warns Nigeria on Rising Debt, Oil Risks Despite Reform Progress

IMF praises Nigeria’s economic reforms but warns that debt costs, fiscal pressures, and oil volatility could threaten recent recovery gains.