• Money Laudering
• Police Anti-Fraud Unit

POLICE ESTABLISH ANTI-MONEY LAUNDERING UNITS TO COMBAT TERRORISM FINANCING

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  Nicolas Adekeye / 7 days
• 0
• 2 min read

The Inspector-General of Police, IGP Kayode Adeolu Egbetokun, has established the Police Anti-Money Laundering Units to strengthen the Police’s role in national security and combat financial crimes. The units, which will be led by renowned financial expert, CP Hyacinth Azuka Edozie and officers of the rank of Chief Superintendents of Police (CSPs), will be stationed in all State Criminal Investigation Departments (SCIDs) across the country. In a statement, Force Public Relations Officer, ACP Olumuyiwa Adejobi, said the establishment of the units underscores the Force’s commitment to safeguarding national security by preventing and detecting illicit financial activities that could undermine the country’s stability. “The Police are committed to preventing further threats to the nation’s financial system,” Adejobi said. Olumuyiwa Adejobi also noted that the Police recently made significant arrests in Kano and Nasarawa States, highlighting the effectiveness of the new units. On December 8, 2024, operatives apprehended Nura Ibrahim in Kano and discovered counterfeit currency worth N129,542,823,000. The arrest led to further arrests of accomplices Muhammed Muntari and Usman Abdullahi. Similarly, on January 13, 2025, the Force arrested 53-year-old Ephraim Barde in Nasarawa State with counterfeit U.S. dollar notes totalling $160,000. Adejobi stated that further investigations are underway to determine the full scope of Barde’s involvement and identify any accomplices. The IGP has called on all citizens to play an active role in national security by reporting suspicious activities related to counterfeit currency and financial crimes. Olumuyiwa Adejobi reiterated that the Nigeria Police Force remains resolute in its efforts to combat financial crimes and ensure a secure economic environment.