Nigeria's AG Warns Against Money Laundering Threats

On Tuesday, during an anti-money laundering and counter-financing of terrorism (AML/CFT) media outreach event in Abuja, Lateef Fagbemi, the Attorney General of Nigeria, warned that money laundering and terrorist financing are major threats to Nigeria's economic stability and security in the West African sub-region. Dr.

Musa Aliyu, representing the Independent Corrupt Practices and Other Related Offences Commission (ICPC), echoed this sentiment, highlighting the destructive effects of financial crime on public trust and government resources. Fagbemi noted that the federal government is committed to strengthening its AML/CFT framework through legislative reforms and enhanced inter-agency partnerships.

He stressed the importance of public awareness in combating money laundering and urged media collaboration to disseminate accurate information. Edwin Harris Jr. from GIABA also emphasized the need for media engagement to raise awareness about the negative consequences of money laundering and terrorist financing, which have been ongoing since 2009.