The Nigerian Financial Intelligence Unit, NFIU, has pledged to disrupt the financial channels used by terrorists and other criminal elements in the country.
The agency asserts that cutting off these financial routes will impair the terrorists’ ability to carry out further criminal activities.
Hafsat Bakari, Director-General of the NFIU, made this commitment in Abuja on Tuesday during the GIABA workshop on investigating and prosecuting terrorism financing cases.
Bakari stated, “Nigeria has faced an acute threat of terrorism for over a decade, particularly from groups such as Boko Haram, the Islamic State West Africa Province, and other amorphous groups.
“These extremist organisations have destabilised communities, wasted innocent lives, and continue to pose a threat to national security.”
She emphasised, “Without the funds and finances that enable their activities, terrorists and terrorist organisations would not be able to carry out their heinous acts.
“Funds, supplies, and other material assistance are therefore central to terrorists’ ability to operate. That is why this workshop by GIABA is critical.”
Bakari suggested that analysing transaction patterns, identifying suspicious activities, and tracing funds across borders will aid in uncovering terrorism sponsors.
She added, “Financial investigations are pivotal to this process. To keep track and disrupt them requires specialised skills, deep and effective collaboration between agencies, and effective coordination with international partners.”
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