FG ADOPTS MORE MEASURES TO CURB MONEY LAUNDERING AND TERRORISTS FINANCING
20-11-23
By Sadiq Aminu The Attorney General of the Federation and Minister of Justice, Prince Lateef Fagbemi, says New Technology has created avenue for fraud and other criminal activities that require collective measures by global community to tackled.
To this end the AGF said more measures are being put in place to protect nation’s financial system as well as curb Money Laundering and Terrorists financing which has become global menace.
The Minister stated this in Abuja at a West African Compliance Summit organized by Inter-Governmental Action Group Against Money Laundering in West Africa, GIABA.
Prince Fagbemi, while emphasizing the commitment of Nigeria government to tackle money laundering and Terrorism Financing, said protecting the nation’s financial system was topmost priority to President Bola Tinubu’s administration.
The Director, Nigerian Financial Intelligence Unit, Mr. Modibbo Hamar Tukur, represented at the event by Associate Director Analysis and Compliance Directorate Mr. Muhammad Jiya, explained that the agency was leveraging on New Technology to fighting Financial crimes in Nigeria.
The Director General of Inter-Governmental Action Group Against Money Laundering in West Africa, GIABA Mr. Edwin Harris said the Summit brought together experts to share their knowledge and experiences on how Technology could be used to combat Financial Crimes across the African continent.
Mr Harris said the Summit will also provide solid foundation and strategies in tackling Money Laundering and other financial crimes.