NFIU Launches New Platform to Combat Terror Financing
The Nigeria Financial Intelligence Unit (NFIU) has introduced a new platform designed to enhance intelligence sharing to combat terrorism financing. This initiative, announced in a statement on Thursday, aims to strengthen collaboration between public and private sector institutions, including banks, insurance companies, fintechs, and technology firms.
The NFIU recently identified a crowdfunding network being exploited for terrorist financing, where accounts are opened in women's names and mobile banking alerts are sent to unregistered numbers. Felix Obiamalu, the Unit’s General Counsel, representing NFIU CEO Hafsat Abubakar Bakari, stated that the focus has shifted from discussion to the design and implementation of a Joint Financial Intelligence Collaboration framework.
This framework is intended to create a trusted platform for effective intelligence sharing and to enhance Nigeria's response to sophisticated financial crimes.
Plus234Feed summary based on reporting from Daily Trust. Read the original report below.
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