• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Monday, June 30, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Nigeria Seeks New Approach Against Illegal Financial Flows

by Kunle Olasanmi
2 years ago
in News
Share on WhatsAppShare on FacebookShare on XTelegram

Attorney-general of the federation and minister of justice, Prince Lateef Fagbemi (SAN), has called on the Action Group Against Money Laundering in West Africa (GIABA) to develop an institutional framework for the enforcement of financial crimes regulations in the sub region.

Advertisement

Fagbemi, chairman of GIABA Ministerial Committee, at the 27th meeting of the organisation said member countries should prioritise their national systems on Anti-Money Laundering and Combating Financing of Terrorism.

According to him, doing so would enable the countries to push their national institutions to perform to the highest of their capabilities and achieve progress in financial crimes control.

He said, “Our collective commitment to put in place legislative policy and institutional frameworks is necessary to protect the integrity of our financial systems from threats of money laundering, terrorist and proliferation financing.”

The attorney-general said the integral nature of the fight against money laundering, terrorist financing and proliferation financing to the safety and security of nations cannot be overemphasised.

RELATED

‘It’s Inspiring Moment,’ Says Nigerian Student After Meeting Tinubu In Saint Lucia

‘It’s Inspiring Moment,’ Says Nigerian Student After Meeting Tinubu In Saint Lucia

2 hours ago
Tinubu, Saint Lucia PM Seal Plan For Diplomatic Ties

Tinubu, Saint Lucia PM Seal Plan For Diplomatic Ties

2 hours ago

He said the Financial Action Task Force (FATF) Standards are not punitive measures, but tools to ensure safety, security and prosperity in countries, regions, continents and the global community.

Also, the minister of interior, Dr Olubunmi Tunji-Ojo, described the meeting as apt, saying it would boost fights against money laundering, financing of terrorism and proliferation financing.

“For us, we understand the importance of tackling money laundering, terrorism financing, especially what we have gone through since the past 15 years.

“The only way to remove the monster within our internal security architecture is by getting to the root of tackling the financing of these organised crimes,” Ojo said.

The president of ECOWAS Commission, Dr Omar Touray, represented by Mr Mambury Njie, promised to support GIABA towards taking steps to consolidate existing gains.

He urged member states to continue to take practical steps to effectively address the strategic deficiencies identified in their AML/CFT systems, especially to strengthen key AML/CFT/P institutions.

On his part, the director-general of GIABA, Mr Edwin Harris, said the new website designed to provide detailed information about the organisation will become officially operational on Dec. 4, 2023 to promote growth.

Meanwhile, the FATF vice-president, Mr Jeremy Weil, commended Nigeria’s progress to date, saying he recognised the high degree of political commitment to sustaining the reforms.

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


SendShareTweetShare
Previous Post

Revisiting The Past: A Game Of Billiard

Next Post

Telecom Firms Worry Over N200bn USSD Debt, 52 Taxes

Kunle Olasanmi

Kunle Olasanmi

You May Like

‘It’s Inspiring Moment,’ Says Nigerian Student After Meeting Tinubu In Saint Lucia
News

‘It’s Inspiring Moment,’ Says Nigerian Student After Meeting Tinubu In Saint Lucia

2025/06/30
Tinubu, Saint Lucia PM Seal Plan For Diplomatic Ties
News

Tinubu, Saint Lucia PM Seal Plan For Diplomatic Ties

2025/06/30
June 12: Dangiwa Umar Reacts To National Honour By Tinubu, Reveals 38 Other ‘Unsung Heroes’
News

June 12: Dangiwa Umar Reacts To National Honour By Tinubu, Reveals 38 Other ‘Unsung Heroes’

2025/06/30
Meet Top 20 Nigerian Techies Driving Innovations In 2025
Feature

Meet Top 20 Nigerian Techies Driving Innovations In 2025

2025/06/30
Abia Polls: Igbokwe Distances Self From Petition Against Reps’ Deputy Speaker Kalu
News

Kalu Seeks Debt Cancellation To Ease Africa’s Burden

2025/06/30
ICPC To Appeal Ruling On Yuguda’s Ex-Aide’s Case
News

Aviation Ministry Worker Convicted Over Employment Fraud

2025/06/29
Leadership Conference advertisement

LATEST

‘It’s Inspiring Moment,’ Says Nigerian Student After Meeting Tinubu In Saint Lucia

Tinubu, Saint Lucia PM Seal Plan For Diplomatic Ties

June 12: Dangiwa Umar Reacts To National Honour By Tinubu, Reveals 38 Other ‘Unsung Heroes’

Meet Top 20 Nigerian Techies Driving Innovations In 2025

Kalu Seeks Debt Cancellation To Ease Africa’s Burden

Aviation Ministry Worker Convicted Over Employment Fraud

Police Arrest Arrowhead Of Child Theft Syndicate, Rescue 12 Minors 

Abakaliki FC In Minor Road Accident After Federation Cup Defeat

CWC: PSG Thrash Lionel Messi’s Inter Miami 4-0, Advance To Quarterfinals

Soldiers Kill Terrorist Kingpin Mai Dada, Recover Weapons

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.