Concerns Raised By EFCC, NFIU, And Partners Over Money Laundering And Terrorism Funding...CONTINUE READING

Experts, including lawyers, anti-money laundering advocates, and academics, gathered in Abuja to discuss the significant challenges posed by money laundering and terrorism financing to the economic development of developing nations, particularly Nigeria. The occasion was a public lecture jointly organized by the University of Abuja and the University of California, San Francisco, titled “Combating Money Laundering and Terrorism Financing in Developing Economies……… CONTINUE READING 

At the event, Mr. Ola Olukoyede, the Executive Chairman of the Economic and Financial Crimes Commission (EFCC), highlighted that money laundering and terrorism financing are crimes that transcend borders and affect all countries globally. Represented by Mr. Sylvanus Tahir, the Director of Legal Services at EFCC, Olukoyede emphasized the importance of international collaboration in combating these offenses.

Olukoyede noted that criminals involved in such activities often operate across jurisdictions, underscoring the necessity of learning from global experiences to effectively tackle these challenges. He cited EFCC’s efforts in prosecuting cases related to money laundering, emphasizing that successful convictions have been achieved, not limited to high-profile cases involving politicians.

The EFCC remains committed to combating economic crimes, including money laundering and terrorism financing, with assurances that the agency is well-equipped to contribute significantly to these efforts in Nigeria.