The Minister of Interior, Ogbeni Rauf Aregbesola, has disclosed that Nigeria’s recent second round mutual evaluation by Inter-Governmental Action Group Against Money Laundering in West Africa (GIABA) was deficient in many areas in the final report.
The evaluation of Nigeria’s Anti-Money Laundering/Counter-Terrorism Financing (AML/CFT) framework, and its effectiveness, by GIABA was observed to be deficient in many areas, while it noted that significant progress has been made.
Consequently, the country was given just 18 months to implement an Action Plan in line with recommended actions in the Report.
Ogbeni Aregbesola stated this in Abuja in his opening address at the 3-day Anti-Money Laundering and Combating of Financing Terrorism (AML/CFT) capacity building workshop for the Ministry of Interior and its Agencies.
The minister pledged to continue to provide the necessary policy oversight to ensure that the Ministry, the Corps and the Services perform optimally, in order to meet their obligations as members of the Inter-Ministerial Committee on Anti-Money Laundering and Counter-Terrorism Financing.
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