The Acting Vice-Chancellor, University of Abuja, UniAbuja, Prof. Aisha Maikudi, says money laundering and terrorism financing are global challenges that threaten nations’ security and undermines the financial systems.

Maikudi said this on Wednesday in Abuja at a public lecture with the theme, “Combating Money Laundering and Terrorism Financing in Developing Economics: the Role of Lawyers’.

The event is organised by UniAbuja in collaboration with University of California, San Francisco, United States faculty exchange programme.

According to her, the role of lawyers in the fight against money laundering and terrorism is indispensable.

“Money laundering and terrorism financing are global challenges with profound implications for our nation’s security, economic stability, and societal well-being.

“These illicit activities not only fuel crimes and corruptions but also undermine the very foundations of our legal and financial systems.

“In this context, the role of lawyers is indispensable. Lawyers are the gatekeepers of justice, entrusted with the responsibility to ensure that the rule of law prevails.

“Law profession is uniquely positioned to identify, prevent, and combat these threats through rigorous legal practices, ethical standards, and unwavering commitment to transparency and accountability,” she said.

She said that the lecture provided an invaluable opportunity to deepen understanding of the complexities surrounding money laundering and terrorism financing.