NBA, government agencies to fight money laundering, terrorist financing

Delegates from the Nigeria Bar Association (NBA), agencies, and organisations involved in Nigeria’s fight against money laundering and terrorist financing have called for sustained synergy to define and establish compliance with the AML/CFT regime.

The call was made at a one-day stakeholders’ workshop organised by the Centre for Fiscal Transparency and Integrity Watch (CFTIW) in Abuja.

The representatives of the Central Bank of Nigeria (CBN), Nigerian Financial Intelligence Unit (NFIU), Special Control Unit Against Money Laundering (SCUML), the media, and the civil society were present.

The CFTIW convened the meeting to deliberate on how best to navigate and strengthen current efforts to combat corruption, illegal wealth, and terrorism funding against the backdrop of the nation’s blacklisting.

The non-governmental organization complained of the challenges blocking the attainment of prescribed standards set by a global community consensus.