The Federal Government has successfully prosecuted and convicted over 100 individuals for financing terrorism in the last two years, President Bola Ahmed Tinubu revealed on Tuesday.
Speaking at the opening of the 2025 National Anti-Money Laundering, Counter-Financing of Terrorism, and Proliferation (AML/CFT/CPF) Summit in Abuja, Tinubu, represented by Secretary to the Government of the Federation (SGF), George Akume, highlighted the administration’s focus on disrupting the financial networks of terrorist organizations like Boko Haram and ISWAP.
President Tinubu credited the success to the collaboration between the Office of the National Security Adviser and the Attorney-General of the Federation.
By taking away the funds and resources behind these groups, we are denying them the ability to terrorize our communities. This approach aligns with global best practices in combating serious crime,” Tinubu stated.
The Truth gathered that the government’s anti-crime initiatives extend beyond terrorism financing.
Programs like the National Anti-Money Laundering and Counter-Terrorist Financing Strategy, National Anti-Corruption Strategy, and National Drug Control Master Plan are disrupting criminal financial networks that tarnish Nigeria’s global reputation.
“These initiatives focus on combating crimes that harm Nigeria’s international standing and hinder citizens’ ability to conduct business globally,” Tinubu said.
He added that significant investments in agencies like the Economic and Financial Crimes Commission (EFCC), the Independent Corrupt Practices Commission (ICPC), and the National Drug Law Enforcement Agency (NDLEA) have bolstered their capacity to fight organized crime.
The summit underscored the critical role of private sector entities such as banks, law firms, and accountants in preventing financial crimes.
Tinubu emphasized that “an efficient private sector is crucial to Nigeria’s ambition of becoming a middle-income country.”
Efforts by regulatory agencies, including the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC), were praised for strengthening financial oversight.
