Over 100 terror financiers have been prosecuted and convicted in the last two years.
President Bola Ahmed Tinubu announced this at the opening of the 2025 National Anti-Money Laundering, Counter-Financing of Terrorism and Proliferation (AML/CFT/CPF) Summit in Abuja yesterday.
Tinubu, represented at the event by Secretary to the Government of the Federation (SGF) George Akume, credited the Office of the National Security Adviser and that of the Attorney-General of the Federation for the success.
He stated that the government’s strategy of targeting the financial backbones of terror organisations like Boko Haram and Islamic State–West Africa Province (ISWAP) also accounted for the feat.
“By taking away the funds and resources behind these groups, we are denying them the ability to terrorise our communities. This approach aligns with global best practices in combating serious crime,” said the President.
The Tinubu administration’s anti-crime efforts in disrupting criminal financial networks include the National Anti-Money Laundering and Counter-Terror Financing Strategy, National Anti-Corruption Strategy, and the National Drug Control Master Plan.
According to the President, these strategies focus on combating crimes that harm Nigeria’s global reputation and hinder citizens’ ability to conduct business internationally.
The Tinubu administration has also invested heavily in the upgrade of the capacity of law enforcement agencies like the Nigeria Police, Economic and Financial Crimes Commission (EFCC), Independent Corrupt Practices Commission (ICPC), and the National Drug Law Enforcement Agency (NDLEA).
These efforts, said Tinubu, has led to a more effective crackdown on organised crime networks.
The summit highlighted the critical role of the private sector in combating financial crimes.
Financial institutions, capital market firms, lawyers, and accountants serve as the first line of defence.
Tinubu said that “an efficient private sector is crucial to Nigeria’s ambition of becoming a middle-income country.”
