FINANCIAL TERRORISM: IGP INAUGURATES HIGH-POWERED COMMITTEE TO REVIEW MODALITIES TO COMBAT INSECURITY, FINANCIAL CRIMES ..... Reassures Nigerians on Better Security

IGP Usman Alkali Baba

"Reiterates the commitment of his administration to tackling the menace of money laundering, terrorism and proliferation of arms financing, enjoined members of the committee to work assiduously towards attaining its mandate.

..... Re-assures Nigerians of better security in the country as all hands are on deck to re-strategize the fight against insecurity in Nigeria.

The Inspector-General of Police, IGP Usman Alkali Baba, psc(+), NPM, fdc, has inaugurated a high-powered Committee to review documents from the Nigeria Financial Intelligence Unit (NFIU) and provide necessary information for the effective functioning of the Financial Action Task Force (FATF) in the country.

The Committee which comprises 21 notable, highly dedicated, and experienced Officers of the Nigeria Police Force drawn based on their professionalism and specialization, was inaugurated at the IGP Conference Hall, Force Headquarters, Abuja, on Friday 29th July, 2022.

According to CSP Olumuyiwa Adejobi mnipr mipra, Force Public Relations Officer, Force Headquarters Abuja in a statement made available to journalists on Friday, 29 July 2022, "the Committee, headed by DCP Adegbite Olaolu, MFR, would equally provide data on Anti-Money Laundering (AML), Counter Financing Terrorism (CFT), and Counter Proliferation Finance (CPF) to determine the level of the nation’s implementation of the strategic modalities emplaced to tackle insecurity and financial crimes in tandem with international best practice, and its report to be submitted within one week.

"Among other things, the Committee will work on twenty-two (22) terms of reference which includes the draft, domestication and implementation of the Standard Operation Procedure (SOP) on parallel investigation and inter-agency exchange of information; provide evidence of inter-agency coordination of money laundering investigations, prosecutions and convictions as well as statistics and summary of cases consistent with Nigeria’s risk profile.

The statement stated that, "the Inspector-General of Police while reiterating the commitment of his administration to tackling the menace of money laundering, terrorism and proliferation of arms financing, enjoined members of the committee to work assiduously towards attaining its mandate. The IGP similarly re-assured Nigerians of better security in the country as all hands are on deck to re-strategize the fight against insecurity in Nigeria.