In a strategic move to strengthen national security, the Nigerian Police Force has established Anti-Money Laundering Units across the country to combat terrorism financing and financial crimes.
The Inspector-General of Police (IGP), Kayode Adeolu Egbetokun, has taken a decisive step to combat terrorism financing and bolster national security by establishing Police Anti-Money Laundering Units nationwide. The Force Public Relations Officer (PRO), ACP Olumuyiwa Adejobi, announced this initiative in a statement, emphasizing its aim to curb financial crimes and prevent illicit financial activities that could threaten the nation's stability.
The newly formed units will be spearheaded by renowned financial expert, CP Hyacinth Azuka Edozie, and staffed by officers holding the rank of Chief Superintendents of Police (CSPs) within each State Criminal Investigation Department (SCID). Adejobi underscored the strategic importance of this move, highlighting its contribution to strengthening the police force's role in national security, particularly in countering financial crimes. He stressed the necessity of this initiative in addressing the sophisticated methods employed by terrorist organizations and other criminal entities to finance their operations.Adejobi further emphasized the commitment of the Nigerian Police Force to safeguarding national security by proactively preventing and detecting illicit financial activities that could jeopardize the country's stability. He noted that this initiative enhances the operational capacity of law enforcement agencies, including the Nigerian Financial Intelligence Unit (NFIU), in fulfilling its global oversight functions and effectively addressing various security threats. As evidence of the police force's commitment to combating financial crimes and enhancing national security, Adejobi cited significant recent arrests in Kano and Nasarawa states. On December 8, 2024, in Gwale, Kano, operatives acting on credible intelligence apprehended Nura Ibrahim, seizing counterfeit currency amounting to N129,542,823,000. This included 3,366,000 counterfeit US dollars, 51,970 counterfeit CFA francs, and 1,443,000 counterfeit Naira. The arrest led to the further apprehension of accomplices, Muhammed Muntari and Usman Abdullahi.Similarly, on January 13, 2025, in New Karu, Nasarawa State, the force arrested 53-year-old Ephraim Barde, who was found in possession of counterfeit US dollar notes totaling $160,000. Investigations are ongoing to determine the full extent of Barde's involvement and identify any potential accomplices. Adejobi concluded by urging all citizens to actively participate in national security efforts by reporting any suspicious activities related to counterfeit currency and financial crimes
Anti-Money Laundering Terrorism Financing National Security Nigerian Police Force Financial Crimes
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