ICPC Warns of Rising Money Laundering and Terror Financing

The Independent Corrupt Practices and Other Related Offences Commission (ICPC), led by Chairman Musa Aliyu, has expressed alarm over the rising threats of money laundering and terrorist financing in Nigeria. During a media outreach in Abuja, Aliyu highlighted the sophistication of financial crimes, noting that criminals are increasingly leveraging digital tools and online platforms.

This technological advancement poses significant challenges for law enforcement agencies in tracking and enforcing financial regulations. Attorney General and Minister of Justice Lateef Fagbemi reiterated that money laundering and terrorist financing remain major threats to Nigeria and the West African sub-region.

He called for a coordinated and proactive response among stakeholders to effectively tackle these evolving threats. Edwin Harris Jr., representing the Inter-Governmental Action Group Against Money Laundering in West Africa (GIABA), emphasized the critical role of raising awareness and supporting efforts to combat financial crime through outreach programs designed to equip journalists with investigative tools.