HomeFeaturesTinubu: 100+ Terrorism Financiers Tried in Two Years

Tinubu: 100+ Terrorism Financiers Tried in Two Years

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President Bola Tinubu stated that his administration has been intensively working to dismantle the financial networks that sustain terrorist groups within the country.

Highlighting recent achievements, Tinubu disclosed that authorities had secured the convictions of over 100 individuals accused of funding terrorist activities in the last two years.

While addressing the opening session of the 2025 National AML/CFT/CPF Summit in Abuja on Tuesday, President Tinubu revealed that the approach taken against convicted financiers was designed to cripple terrorist networks and safeguard citizens, though he refrained from naming any individuals.

Represented by the Secretary to the Government of the Federation, George Akume, Tinubu said, “We have made progress to tackle the threats of terrorism and other violent crimes through the gallant action of our frontline troops and our security agencies.

“However, in line with the National Counter-Terrorist Financing Strategy, we have also enhanced our abilities to identify and pursue those individuals that finance these violent acts. Through the efforts of the Office of the National Security Adviser and the Honourable Attorney-General of the Federation, we have prosecuted and convicted over 100 terrorist financiers in the last two years.

“By taking away the funds, resources and material support behind Boko Haram and ISWAP we are denying them the ability to inflict terror on our communities and citizens. We are creating an environment in which our rural areas will thrive once again.”

The president underscored the importance of lawyers and accountants in defending the nation’s assets, affirming his administration’s commitment to recognizing their contributions to national prosperity.

He said, “This Administration also recognises the important role played by the private sector in our Anti-Money Laundering and Counter-Terrorist Financing framework.

“As the gatekeepers, our banks, capital market firms, lawyers and accountants are the first line of defence in our joint effort to protect our commonwealth. “

Tinubu, however, expressed concern over the greylisting of the country.

Read also: Boko Haram Terrorists Raze Church, Houses In Fresh Chibok Attack

He said, “The listing of Nigeria in February 2023 has grave consequences for our economy and the reputational damage is one that we must all take very seriously.

“As part of the inclusion of Nigeria on the list, Nigeria made a commitment at the highest political levels to the implementation of an Action Plan to address the deficiencies identified in our national AML/CFT/CPF framework.

“Through the leadership of the Honourable Attorney-General of the Federation, the Minister of Finance and the Minister of Interior as the Chair and co-Chairs of the Inter-Ministerial Committee on AML/CFT/CPF, and the coordination of the Nigerian Financial Intelligence Unit, we have made significant progress to implement this Action Plan.”

The CEO of the Nigerian Financial Intelligence Unit, Hafsat Bakari, stated that the fight against financial crimes is not one that any single entity can win alone.

Bakari stated, “It requires the collective strength and commitment of our political leaders, regulators, financial institutions, law enforcement and security agencies, and international partners. Collaboration must be at the heart of our approach if we are to succeed in mitigating risks and safeguarding our financial system.”

The Eastern Updates 

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