IGP Launches Anti-Money Laundering Units 

Strikes Major Blow Against Terrorism Financing

The Inspector-General of Police (IGP), Dr Kayode Egbetokun, has launched the Police Anti-Money Laundering Units to tackle counter-terrorism financing and economic sabotage in the country.

These units, led by financial expert CP Hyacinth Edozie and supported by Chief Superintendents of Police in every State Criminal Investigation Department (SCID), are set to revolutionize the fight against financial crimes.

Emphasizing the Nigeria Police Force’s unwavering commitment to national security.

This is a critical step in safeguarding our nation’s financial system. IGP Egbetokun declared 

The newly established units will collaborate closely with agencies like the Nigerian Financial Intelligence Unit (NFIU) to dismantle sophisticated money laundering operations. 

Recent arrests in Kano and Nasarawa highlight the impact of this initiative.

A statement by ACP Olumuyiwa Adejobi, Force Public Relations Officer revealed that in December 2024, police operatives in Kano seized over N129 billion in counterfeit currency, leading to the arrest of Nura Ibrahim and two accomplices. 

Adding that, weeks later, Ephraim Barde was apprehended in Nasarawa with $160,000 in fake U.S. dollars, dealing another blow to criminal networks.

The force said these achievements mark a significant stride in disrupting illicit financial activities that threaten the country’s stability. 

Noting that the IGP has called on Nigerians to support the fight by reporting suspicious financial activities, vowing zero tolerance for illegal financial flows.

With this initiative, the Nigeria Police Force is optimistic economic sabotage will not be tolerated.

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