By Jane Okeke
The Independent Corrupt Practices and Other Related Offences Commission has raised concern over the growing threat of money laundering and terrorist financing to Nigeria’s economy and national security.
Its Chairman, Musa Aliyu, sounded the warning in Abuja during a media outreach organised by the Intergovernmental Action Group Against Money Laundering in West Africa in partnership with the Nigerian Financial Intelligence Unit.
Represented by John Odeh, Aliyu said financial crimes are increasingly sophisticated, with criminals leveraging digital tools and online platforms.
He noted that while these technologies pose challenges, they also provide opportunities for law enforcement agencies to improve tracking and enforcement.
Also speaking, the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, said money laundering and terrorist financing remain major threats to Nigeria and the West African sub-region.
He called for coordinated and proactive responses among stakeholders to tackle the evolving threats.
In his remarks, the Director-General of GIABA, Edwin Harris Jr., represented by Timothy Melaye, said the media plays a critical role in raising awareness and supporting efforts to combat financial crimes.
The outreach programme, he said, was designed to equip journalists with tools to investigate and report financial crimes while strengthening regional collaboration.
ICPC Raises Alarm Over Rising Money Laundering, Terror Financing Threats
